Peak Season Endorsement


Definition of "Peak season endorsement"

Endorsement attached to property insurance coverage that provides additional limits of protection on a merchant's inventories during specific time intervals. The time intervals generally are the periods during the year when shopping is most intense.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Interest Rates, Guaranteed/excess

Circumstances in life insurance in which, although a minimum rate is guaranteed, a policyowner may e ...

Libel

Written statements about a person or business that are malicious, unfounded, and damaging. It is the ...

Stacking

Circumstance under which the insured maintains that, if an insurance policy covers at least two sche ...

Assumption

Acceptance by a reinsurer of part or all of a risk that has been transferred to it by a primary insu ...

National Emergency Management Association (nema)

Association comprised of 59 state and territorial emergency management directors having as its purpo ...

Emergency Exposure Limit (eel)

Maximum amount of a toxic agent to which an individual can be exposed for a very brief (emergency) p ...

Related Real Estate FAQ

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Convertible ARM?

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

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

Do I Need Earthquake Insurance?

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

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

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 What is Earnest Money Mortgage Loan Types 10 Tips for Homebuyers Should you Buy a Home with Cash?

FAQ

What Will My ARM Loan Payment Be ? What is a principal? What is a title? What is an assessed value? What is a buydown?