Claim

Definition of "Claim"

request by an insured for indemnification by an insurance company for loss incurred from an insured peril.

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Related Real Estate Glossary terms

Rate Protection

Protection for a borrower against the danger that rates will rise between the time the borrower app ...

Economic Capacity Of Land

Ability of the size of the land to accommodate the desired economic purpose. An example is having en ...

Day Order

Buy or sell order for security that expires at the end of the trading date on which it was entered i ...

Annual Expected Dollar Loss

Over a long period of time, the average loss an individual, individuals, or an organization can expe ...

Rate Manual

Publication that lists premiums charged for products sold by an insurance company. A manual also has ...

Policy Fee

Flat amount added to the basic premium rate to reflect the cost of issuing a policy, establishing th ...

Related Real Estate FAQ

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is A Mortgage Insurance Premium (MIP)?

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

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Foreclosure - The Pros and Cons of Buying Tax Breaks for the First Time Home Buyer When to Dispute Your Home Appraisal How to become a real estate agent Mortgage Loan Types

FAQ

What is an interest rate? What is a basic policy? What does the Real Estate Settlement Procedures Act (RESPA) require? What are prepayment penalties? What is an adjustable-rate mortgage (ARM)?