Buyback Deductible | Insurance Glossary

Definition of "Buy-back deductible"

Nikki Morrison

Keller Williams Realty

Deductible eliminated through the payment of an additional premium, resulting in first-dollar coverage under the policy.

Technique of loss control and reduction of losses in insurance. Supporters of this method believe th ...

Pledging of real estate as security for a loan without giving up its possession. ...

Square footage of space a parcel of land has. ...

Preference. Precedence. Something given prior attention. Something having a higher level of ...

In property coverage, ratio of the amount of insurance to the value of an insured property. This rat ...

Individual responsible for insurance agency operation in a particular area, including sale of life a ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

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

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

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

This calculator figures how much interest savings you will have depending on how much extra you pay ...

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