Fire Wall


Definition of "Fire wall"

Shannon Mooneyham
  Only Way Realty

Structure separating parts of a building in order to contain the spread of fire. Fire walls reduce the severity of a potential fire and lower premium rates.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Issued Business

Policies that have been sold to and paid for by an insured, but not yet delivered to the insured. ...

Zero Coupon Bonds

Bonds that are sold at discount from their maturity value with the interest compounding and paid at ...

High-pressure Selling

Extremely aggressive behavior by an insurance agent to convince a prospect to purchase the insurance ...

New York Insurance Exchange

Reinsurance marketplace modeled after Lloyd's of London. Like Lloyd's, the New York Insurance Exchan ...

Commercial Policy

Same as term Commercial Health Insurance: coverage that provides two types of benefits, disability i ...

Obsolescence

Decrease in value of property as the result of technological advancement and/or changing social more ...

Related Real Estate FAQ

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

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 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 A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

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

Foreclosure - The Pros and Cons of Buying 7 Tips for a First Time Homebuyer When to buy a house Home Prices - The Extra Costs 10 Tips for Homebuyers

FAQ

What type of Life Insurance is right for me? How Much Income Do I Need ? What do I need to know about Business Insurance? What is a broker? What is zoning?