Consignment Insurance


Definition of "Consignment insurance"

Judith Chandler
  eXp Realty LLC

Coverage for items that are on consignment, including exhibits, goods up for auction, and goods awaiting someone's approval. The stipulation for coverage is that these items cannot be under the care, custody, and control of the owner.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Deck Roof

An open surface constructed on top of a flat roof. Normally, a railing is constructed on the sides o ...

Jumbo Loans

Loans that differ from conforming loans in that they are above the maximum conforming amount and tak ...

Cost Of Funds Index

Average of what savings institutions in the 11th district of the Federal Home Loan Bank System ( Cal ...

Minor

Person under the age of legal competence (most states specify 18 years). ...

Loan 'Flipping'

The process of raising cash periodically through successive cash-out refinancings. This is a scam ...

Dual Capacity Doctrine

Rule of law under which a defendant who has two or more relationships with a plaintiff may be liable ...

Related Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is Long Term Care Insurance?

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Sell Your Home What is the Best Time of Year to Buy a Home? What Must I Disclose When Selling My Home? Is it better to buy or sell a home first 5 U.S. Cities with the Best Public Transportation

FAQ

What is a deed? What is a closing? What is PITI and what does it stand for? What is a buyer’s agent? What do I need to know about Indemnity Insurance?