Funding Cover

Definition of "Funding cover"

Miriam Ruiz
  Mirimar Real Estate & Investments, LLC

Refers to the insured or reinsured paying premiums into an account at a commercial bank that will be used to pay for future or past losses. Portions of the premiums not required to pay for these losses are refunded to the policyowner or ceding company.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ