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Popular Real Estate Glossary Terms

Farmowners and ranchowners insurance

Package coverage for a dwelling and its contents, barns, stables, and other land structures as well as liability coverage. By means of a number of special forms that follow the format of ...

Division of a sum of money between a deferred annuity and an immediate life annuity certain. ...

Economic resource that is anticipated to provide benefits to a business. ...

Field underwriting

Judgment decision by the insurance agent concerning whether or not to submit an application. The decision is based on the agent's familiarity with the insurance company's underwriting ...

Same as term Cancel: termination of a policy. Contract may be terminated by an insured or insurer as stated in the policy. If the insurance company cancels a policy, any unearned premiums ...