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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Party that receives part or all of a construction job to do from the general contractor. ...

Coverage against hail damage to crops. Coverage is on a proportionate basis; that is, in the event of loss, a farmer will recover an amount based on the ratio of the damaged part of a crop ...

Act of starting a fire; arson. Arson is a covered peril under a property insurance contract, provided that the owner of the property is not responsible for the arson. ...

Clause at the beginning of a legislative statute explaining its purpose. A preamble neither confers or increases powers contained within a statute and is therefore not an essential element ...

Measure of the rate at which policies are cancelled or allowed to lapse. The termination rate is a factor in setting premiums for group life and health policies. ...