Insurance To Value


Definition of "Insurance to value"

In property coverage, ratio of the amount of insurance to the value of an insured property. This ratio, multiplied by the amount of the loss, determines the indemnification payment.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Sex Discrimination

Classification of insured life and health risks based on the sex of the proposed insured. Gender has ...

Aleatory Contract

Contract that may or may not provide more in benefits than premiums paid. For example, with only one ...

Speculative Risk

Uncertain prospect of financial gain or loss. A business investment that could either return a profi ...

Stop Loss Reinsurance

Protects a cedent against an aggregate amount of claims over a period, in excess of a specified perc ...

Dynasty Trust

Trust in which assets are controlled through several generations and makes use of generation-skippin ...

Urban Development Act Of 1970

Law that provided for federal crime insurance. Because private insurance is not available for busine ...

Related Real Estate FAQ

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What Is A Deed?

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

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

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

When to buy a house Getting Ready to Sell? Don't make these DIY Mistakes! How is Square Footage Determined? What is Earnest Money Rent or Buy - the pros and cons

FAQ

What is an overall debt ratio? What is a fixed-rate mortgage? What if they no longer make my specific computer? What is a default? What are closing costs?