Insurance Policy


Definition of "Insurance policy"

Charnise Cooley
  Keller Williams Realty Atlanta Partners

Written contract between an insured and an insurance company stating the obligations and responsibilities of each party.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Future Value

Amount a sum of money today is worth at a specified future date because of the effect of compound in ...

Normal Annuity Form

Cost computation form that assumes retirement and commencement of annuity payments on the first day ...

Executory Contract

Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...

Start Rate

Also called a teaser. The starting interest rate of an adjustable rate loan. It generally lasts betw ...

Omissions

Wrongful inaction; failure to act; inactivity. ...

Internet Mortgages

Mortgages delivered using the Internet as a major part of the communication process between the borr ...

Related Real Estate FAQ

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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

Top Five Reasons Your Home Offer was Rejected 10 Tips for Homebuyers Build or Buy? That’s the Big Question 3 tips to ensure your sale goes through How Does The Home Loan Underwriting Process Work?

FAQ

What are my coverage options? What is a commitment letter? What does preapproved mean? What is hazard insurance? What is an escrow officer?