Renewal | Insurance Glossary | Realestateagent.com

Definition of "Renewal"

Automatic reestablishment of an insurance policy's in-force status, usually achieved through payment of the premium due.

Expectation of a monetary loss that can be covered by insurance. Insurable interest varies according ...

Percentage of a life insurance company's policies in force at the beginning of the year that are no ...

Wood panels on a wall. ...

The right to deviate from the use of land prescribed by an existing zoning ordinance. ...

Organization located in Washington, D.C., whose membership consists of automobile insurers. ...

Legal system in the United States, Great Britain, and other countries. Inherited from England, it is ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

An interest rate is the percentage the lender charges you for borrowing money. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews