Free Look Period


Definition of "Free look period"

Cassandra Satriano
  Bowen Realty

Same as term: Free Examination "free Look" Period: right, in most states, of an insured to have 10 days in which to examine an insurance policy, and if not satisfied, to return it to the company for a full refund of the initial premium.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Furs Insurance

Coverage on fur coats as well as other clothes that have, fur trim. Protection is provided at any lo ...

Voluntary Reserve

Amount established by an insurance company, but not required by state law, for any of a number of re ...

Binomial Distribution

Statistical function that displays the probability of determining a stated number of successes in a ...

Upset Date

provision in a written agreement allowing the prospective purchaser the right to cancel the contract ...

Ratable

In insurance, an estimable risk for the purpose of calculating an adequate and reasonable premium p ...

Caisson Foundation

Constructed in place by filling holes drilled through to bearing strata with concrete. ...

Related Real Estate FAQ

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

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 Mortgagor?

A mortgagor is the borrower. ...

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

Build or Buy? That’s the Big Question What is Escrow and how does it Work? What is Earnest Money How To Choose A Realtor Tax Breaks for the First Time Home Buyer

FAQ

What is a second mortgage? What is accession? What is an appreciation? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is Freddie Mac?