Air Cargo Insurance

Definition of "Air cargo insurance"

Coverage for an air carrier's legal liability for damage, destruction, or other loss of a customer's property while being shipped. Coverage is on an all risks basis subject to specific perils excluded in the policy. Air cargo insurance is a form of marine insurance, which at one time only covered goods in transit over waterways. Today, goods in transit can be insured regardless of the means of transportation.

Search Real Estate Glossary

Related Real Estate Glossary terms

Full Valuation Reserve

Method of valuing a reserve under which no reserve is established for a life insurance policy at the ...

Doctrine

Legal rule, principle, or tenet. ...

Direct Sales Comparison Approach To Value

Appraisal approach where property values are estimated by comparing current comparable sales. See a ...

Cost-of-living Increase

Same as term Cost-Of-Living Adjustment: automatic adjustment applied to Social Security retirement p ...

Parol

Statement made verbally. It is better legally to have a written statement because verbal ones withou ...

Reinstatement Clause

Provision in the insurance policy lapses due to premium nonpayment, all unpaid premiums must be pai ...

Related Real Estate FAQ

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? How is Square Footage Determined? How to become a real estate agent Short Sale Homes Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What do I need to know about Motorcycle Insurance? What is a maintenance fee? What is Disability Insurance? How Much Can I Afford ? What is accession?