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

Strict Liability

Tort liability, which is defined by law, requiring an injured party to prove only that he or she was ...

Amount At Risk

difference between the face value of a permanent life insurance policy and its accrued cash value. ...

Hearing

An adversary hearing allows both parties to an issue to present their views. A public procedure ...

Prepayment Penalty

Fee a borrower is assessed for the right to make a loan payment before the due date. An example is t ...

War Exclusion Clause

Provision in a life insurance policy that death benefits will not be paid in the event an insured di ...

Defeasance Clause

Provision guaranteeing the return of title to a mortgagor upon satisfaction of a mortgages condition ...

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A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

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