Accommodation Line


Definition of "Accommodation line"

Agreement by an insurance company to underwrite business submitted by an agent or broker even though that business is substandard. The object is to continue to attract profitable business of that agent.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Public Report

A report published by a governmental unit which is publicly available. For example, the decennial ce ...

Crime Insurance

Coverage for the perils of burglary, theft, and robbery. ...

Coinsurance Requirement

Amount of insurance that the insured must carry in order to be indemnified for the total dollar amou ...

Lot Line

A boundary line for a lot described in a plat book. ...

Discount Value

Present value of a future sum of money to be paid at a stipulated future date. ...

Fair Plan

Same as term Fair access to Insurance Requirements: insurance that grew out of the urban demonstrati ...

Related Real Estate FAQ

What Is Long Term Care Insurance?

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers How is Square Footage Determined? What is Escrow and how does it Work? 3 tips to ensure your sale goes through Is it better to buy or sell a home first

FAQ

What is a cap? What does a back-end ratio mean? What does Travel Insurance Typically Cover? What is a credit report? What do I need to know about Term Life Insurance?