Inherent Explosion Clause


Definition of "Inherent explosion clause"

Provision of a property insurance policy which covers conditions usually present in a particular location. For example, there is an inherent risk of explosion in a flour mill.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Cantilever Construction

Method of construction where part of the structure is supported by a cantilever beam or truss. ...

Fire Legal Liability Insurance

Coverage for property loss liability as the result of negligent acts and/or omissions of the insured ...

Possessory Action

Litigation undertaken to obtain or maintain possession of real property. ...

Option

The right to buy or sell an item at a specified price within a given period of time. If the right ...

Locking The Loan

An option exercised by the borrower, at the time of the loan application or later, to 'lock in' the ...

Vendee's Lien

Legal right of the buyer of real estate for the acquisition price paid if the seller does not render ...

Related Real Estate FAQ

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is Comprehensive Homeowners Insurance?

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

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

What do Real Estate Attorneys do? Real Estate Open House - The Dos and Don What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Mortgage Loan Types 6 Reasons you are not selling properties

FAQ

What are the benefits of Business Owners Insurance? What are jumbo mortgages? What is escrow? What do I need to know about Watercraft Insurance? What is a principal?