Pyramiding


Definition of "Pyramiding"

Situation in which several liability insurance policies are in force to cover the same risk, thereby resulting in higher limits of coverage than is required to adequately insure the risk.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Bond, Bail

Same as term Bail Bond: monetary guarantee that an individual released from jail will be present in ...

Compulsory Automobile Liability Insurance

Same as term Compulsory Insurance: coverage required by the laws of a particular state. For example, ...

Surplus Lines (excess-surplus Lines)

Specialized property or liability coverage provided by a non admitted insurer in instances where it ...

Useful Life

Usual operating service life of property for the purpose it was acquired. The useful life used for d ...

Cost Of Living

Cost to buy goods and services encompassed in an accepted standard level of consumption. ...

Constructive Eviction

Tenant breaks the lease because the landlord does not keep the premises habitable. ...

Related Real Estate FAQ

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

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 ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

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

7 Things to Consider Before Moving to a New City What is Earnest Money 6 Reasons you are not selling properties Home Prices - The Extra Costs What is the Best Time of Year to Buy a Home?

FAQ

What is an adjustable-rate mortgage (ARM)? What is a mortgagor? What is hazard insurance? What is a seller disclosure? What is a Good Faith Estimate?