Policy Anniversary | Insurance Glossary

Definition of "Policy anniversary"

12-month period from the date of issue of a policy as stated in its declarations section.

Cost per unit of insurance. ...

Woman executor. ...

Selling price for a property less assumed mortgages by the buyer. For tax purposes, the computation ...

A long-term lease of only land. ...

Background information used in life and health insurance underwriting to ascertain the probability o ...

1% of the loan amount paid to the lender for making a loan. ...

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

FSBO means for sale by owner. ...

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