Immediate Notice


Definition of "Immediate notice"

Stacey Perryman
  Coldwell Banker Residential Real Estate

Provision found in property and liability insurance policies that mandates that the insured notify the insurance company as soon as possible following the occurrence of a covered loss under the policy.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Partial Release

Release of a portion of a property from a mortgage. ...

Extension Agreement

Written agreement between two or more parties to extend the terms of a document. ...

Fee For Service Plan

Traditional insurance plan under which the patient can select the physician and hospital of his or h ...

Payment Rate

The interest rate used to calculate the mortgage payment. The interest rate and the payment rate ar ...

Adjusted Sales Price

The net sales price of a piece of property where the commissions and other closing costs are subtrac ...

Set Clause (pair Or Set Clause)

Provision in many business and personal policies that loss or damage to one of a pair or set of indi ...

Related Real Estate FAQ

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

5 U.S. Cities with the Best Public Transportation 7 Things to Consider Before Moving to a New City What is Hazard Insurance? How Does The Home Loan Underwriting Process Work? 5 signs of house foundation problems

FAQ

What is earnest money? What happens when you prequalify? What is a second mortgage? What is a subdivision? What do I need to know about Watercraft Insurance?