Flat Extra Premium | Insurance Glossary

Definition of "Flat extra premium"

Paul Avratin

Keller Williams Realty

Certain fixed payment made in addition to the regularly scheduled premium.

Same as term Annual Policy: contract remaining in force for up to 12 months unless canceled earlier. ...

Total assets minus liabilities. It is used by underwriters to evaluate the financial standing of app ...

Statement showing assets and liabilities of an individual. ...

Formal process of setting aside funds on a mathematical basis to provide deferred income benefits. ...

Type of flexible spending account. ...

Molding forming the top part of a door or window. Any wood or plaster molding on an inside wall ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

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

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