Authorized Insurer

Definition of "Authorized insurer"

Insurance company that is licensed by a state to market and service particular lines of insurance in that state.

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Related Real Estate Glossary terms

Random Sample

Sample of n elements selected from a population of A? elements in such a way that the sample has ess ...

Electrical (electrical Apparatus) Exemption Clause

Common element in property insurance that excludes electrical damage or destruction of an appliance ...

Back Load

Expenses taken out when benefits are paid. For example, a specific dollar amount is subtracted from ...

Smoke Clause

Provision in the extended coverage endorsement stating that smoke damage is covered when it results ...

Land Loan

A loan used for acquiring land. Loans used to purchase unimproved land have more risk than a mortgag ...

Contribution

Principle of equity in property, casualty, and health insurance. When two or more policies apply to ...

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Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

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

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

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FAQ

What is a buydown? What is a treasury index? What is a basic policy? What if the computer I want to insure is homemade or custom-built? What is a maintenance fee?