Claim Provision | Insurance Glossary

Definition of "Claim provision"

Clause in an insurance policy that describes the administration and submission of claims procedure.

Legal boundary of property. ...

When an owner of real estate dies interstate, having no enforceable will, the property descends, by ...

Written modification to an insurance policy that alters its provisions. The rider may update the po ...

To pass property by will to an heir. Strictly speaking, real estate cannot be bequeathed to an heir, ...

One based on the whole body of the law. A lawful right is being exercised. ...

Stipulation in a contractual agreement either allowing or forbidding the right to transfer property ...

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

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

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

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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