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

Interest Rates, Guaranteed/excess

Circumstances in life insurance in which, although a minimum rate is guaranteed, a policyowner may e ...

Ordinary Loss

In taxation losses that can offset ordinary income. Assume john owns and operates an apartment house ...

Mean

Measure of central tendency that is a measure of the center of the data; also called an average. Mea ...

Single Risk Cargo Insurance

Marine cargo coverage for a single shipment of goods. Also known as special risk insurance and trip ...

Direct Recognition

Immediate taking-into-account of present interest rates, mortality experience, and expenses in premi ...

Fraud

deliberate action by an individual or entity to cheat another causing damage. There is typically a m ...

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What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is An Index?

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

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

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