Multiple Peril Insurance


Definition of "Multiple peril insurance"

Personal and business property insurance that combines in one policy several types of property insurance covering numerous perils. However, no liability insurance is provided.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Deviating Insurance Company

Insurance company whose premium rates are usually below that of other insurance companies and the ra ...

Straight Lease

Lease that requires periodic equal rental payments that will not charge for the term of the lease. A ...

Reinforced Concrete Construction

Construction method where reinforced concrete is used with concrete block and mortar to form an ext ...

Actuarial

Same as term: Actuarial Science: branch of knowledge dealing with the mathematics of insurance, incl ...

Tax Reform Act Of 1986

Legislation to eliminate most tax shelters and write-offs in exchange for lower rates for both corpo ...

Premium

Periodic fee paid for insurance protection. Amount paid for real estate above the expected prev ...

Related Real Estate FAQ

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Are Discount Points?

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

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

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 Must I Disclose When Selling My Home? Getting Ready to Sell? Don't make these DIY Mistakes! What is Hazard Insurance? Short Sale Homes How To Get A Loan with Bad Credit

FAQ

What is a sales contract? What do I need to know about Condominium Insurance? What is an adjustable-rate mortgage (ARM)? What is Freddie Mac? What is a FHA mortgage?