Due Caredue Diligence


Definition of "Due care/due diligence"

Tina Dillon, GRI
  Realty USA

Assurance by the agent that the recommended insurance plan for the client is suitable for that client's specific needs. This assurance is derived from a careful analysis by the agent of the insurance company's financial strength, the accuracy of the policy illustrations, and the treatment of its previous and current policy owners.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Accountants Liability Insurance

Insurance for accountants covering liability lawsuits arising from their professional activities. Fo ...

Commission Of Authority

Powers of an agent delegated by an insurance company and shown in the form of a document. ...

Member

Person covered by insurance under a blue cross or blue shield plan. ...

Extra Percentage Tables

Form of substandard ratings that shows additions to standard premiums to reflect physical impairment ...

Lag

Time that has elapsed between when claims actually occurred and when claims are actually paid. ...

Bonus Rate

Extra percent of interest credited to an annuity during the first year that it is in force. This ext ...

Related Real Estate FAQ

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

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

Getting Ready to Sell? Don't make these DIY Mistakes! Short Sale Homes Real Estate Open House - The Dos and Don How To Get A Loan with Bad Credit What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What is a closing? What happens when you prequalify? What are closing costs? What is an appreciation? How big is an acre?