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Popular Real Estate Glossary Terms
Life or health insurance policy written on an applicant who has passed a medical examination and signed the application but has not paid the premium due. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Amount of life insurance required to purchase burial, probate, medical, and other costs associated with death. ...
Excess of loss reinsurance written on a facultative reinsurance basis to provide cover for a particular PRIMARY INSURANCE policy. ...
Coverage for property damage by a covered peril to insured cotton during the time period from its weighing in at the gin until its delivery to the buyer. Written either on a specified peril ...