Insured Peril

Definition of "Insured peril"

Source of loss that is covered under an insurance policy, such as a fire, and explosion, among others.

Search Real Estate Glossary

Related Real Estate Glossary terms

Shared Appreciation Mortgage (SAM)

A type of equity participation loan where, in exchange for charging a below-market interest rate, th ...

Interest

Money paid by one party for the use of another party's funds. ...

Asset Sufficiency Or Insufficiency

Computation of the asset share value, surrender value, and reserve and the comparison of the three c ...

Escrow Account

An account into which payment is made for particular expenses to assure that money will be available ...

Time For Notification Of Loss

Period allowed an insured to notify an insurer of loss. Many policies require immediate written noti ...

Tax Sale

When a property owner defaults on his or her tax payments, the taxing jurisdiction may force a liqui ...

Related Real Estate FAQ

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Is An Index?

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

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Tax Breaks for the First Time Home Buyer How To Sell Your Home Mortgage Loan Types

FAQ

What is a lifetime rate cap? What is hazard insurance? What is a spec house? What is a Good Faith Estimate? What is a home warranty?