Claim Agent

Definition of "Claim agent"

Person who has been authorized by the insurance company to pay a loss (s) incurred by the insured.

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Related Real Estate Glossary terms

Last Survivor Insurance

Coverage of two or more individuals with the death benefit payable at the last death. Premiums are s ...

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Listing of items in priority or sequential order. There may be a succession or series of steps to re ...

Appraisal Approach

Three basic methods for setting values on property: (1) The cost approach estimates the replacement ...

Total Annual Loan Costs (TALC)

A measure of interest cost on a reverse mortgage. ...

Farmowners And Ranchowners Insurance

Package coverage for a dwelling and its contents, barns, stables, and other land structures as well ...

Sample

Item given or sold to a buyer that establishes a standard of quality by which later products will be ...

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What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is A Point?

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

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

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