Limitations

Definition of "Limitations"

Exceptions and limitations of coverage; that is, the maximum amount of insurance coverage available under a policy.

Search Real Estate Glossary

Related Real Estate Glossary terms

Level Term Insurance

Coverage in which the face amount of a policy remains uniform, neither increasing nor decreasing for ...

Years Of Service

Length of employment as measured to determine eligibility, vesting, and benefit levels for employee ...

Metropolitan Area

Urbanized area in and around a major city. The metropolitan area may overlap county and state bounda ...

Section 1034

Provision in the Internal Revenue Code applicable to the sale of an individual's house. The gain or ...

Commutation

In life insurance, the exchange of a series of installment payments, as the result of an installment ...

Mortality Rate

Relationship of the frequency of deaths of individual members of a group to the entire group members ...

Related Real Estate FAQ

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

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 Sales Contract?

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

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Build or Buy? That’s the Big Question How Does The Home Loan Underwriting Process Work? Getting Ready to Sell? Don't make these DIY Mistakes! Foreclosure - The Pros and Cons of Buying Top Five Reasons Your Home Offer was Rejected

FAQ

What is an index? What is a credit report? What is a APR Loan? What is an interest rate? What is a subprime mortgage?