Blanket Limit | Insurance Glossary

Definition of "Blanket limit"

Maximum amount of insurance coverage that an insurance company will underwrite in a particular geographic area.

Company not licensed by a particular state to sell and service insurance policies within that state. ...

Income averaged over a specified period of years. For example, to calculate benefits in a pension pl ...

A fee charged by an appraiser for the appraisal of a particular property. ...

Sum of insurance provided by a policy at death or maturity. ...

One of two federal agencies that purchase home loans from lenders. The other is Freddie Mac. ...

Descriptive of a property boundary that follows the course of a river or estuary. For example, a lan ...

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

A mortgagor is the borrower. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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