Experience Account | Insurance Glossary

Definition of "Experience account"

Mario Rios
Bi-Lingual (Fluent in Spanish & English)

Global Realty

Loss experience of a given insured.

In between, intermediate, intervening; passing an interest from a principal to a second party and th ...

Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the ta ...

Financial standing of a debtor as a basis to pay obligations. ...

To approximate the worth or valuation of property To give an appraisal value estimate of property. ...

Management of investment risks associated with business risk, interest rate risk, political risk, an ...

Expenditures incurred subsequent to the building of a structure. ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

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

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

A lien is a claim against a property. ...

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