Renewal Expenses


Definition of "Renewal expenses"

Patricia Cooper
Patricia Cooper Liberty Bell Real Estate & Property Management

Costs associated with renewal commissions as a percentage of the renewal premiums, and the servicing charges for previously issued insurance policies.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Insurance Expenses

Costs associated with first-year expenses, claims expense, administrative expenses, and renewal expenses. ...

Nonstock Insurance Company

Insurance company that has no outstanding shares of stock, such as a mutual insurance company. ...

Name Position Bond

Fidelity bond that covers a business if employees in listed positions commit dishonest acts, such as stealing money. ...

Limit, Per Person

Maximum amount under a liability policy that insurance company will pay for bodily injury incurred by any one person in any one accident. ...

Reimburse Benefits

Payment by the insurance company to the insured for the actual expenses incurred by the insured, such as medical expenses. ...

Use And Occupancy Insurance

Type of business interruption insurance that provides indirect loss coverage by endorsement to boiler and machinery insurance. The latter, sometimes c ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

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

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a proprietary lease? What does Fannie Mae mean? What do I need to know about Watercraft Insurance? What is a mortgage banker? What does an appraisal mean?