Annual Renewal Agreement

Definition of "Annual renewal agreement"

Agreement in which the insurer promises to renew the policy provided certain conditions have been met by the insured.

Search Real Estate Glossary

Related Real Estate Glossary terms

Disclosure Statement

A written statement of a borrower's rights under the Truth-in-Lending Law or a statement of all fina ...

Mass Appraising

Process of simultaneously appraising several pieces of property. Normally, occurs when a local gover ...

Oil And Gas Lease

A lease granted for the right to explore for and recover oil and gas on a specific parcel of propert ...

Rating

A valuation of risk of an individual or organization. ...

Double Indemnity

Same as term Accidental Death Clause: in a life insurance policy, benefit in addition to the death ...

Extra Percentage Tables

Form of substandard ratings that shows additions to standard premiums to reflect physical impairment ...

Related Real Estate FAQ

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? What is the Best Time of Year to Buy a Home? Is it better to buy or sell a home first 5 U.S. Cities with the Best Public Transportation Top Five Reasons Your Home Offer was Rejected

FAQ

What is a buydown? What is the APR for This ARM Loan? I need Hospital Insurance in addition to my current health insurance policy? Is depreciation common? What is a proration?