Retroactive Liability Insurance


Definition of "Retroactive liability insurance"

Roberto Rodriguez
  Olive Branch Realty

Coverage that is purchased to provide protection for a loss that has already occurred. The severity of the loss, however, is uncertain.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Maintenance

Periodic expenditures undertaken to preserve or retain a property's operational status for its origi ...

Self-amortizing Mortgage

mortgage being reduced through periodic principal and interest payments. ...

National Insurance Development Corporation

Government group that provides reinsurance for private insurers that write riot and civil commotion ...

Blind Pool

Limited partnership in which limited partners rely on the general partner to choose specific propert ...

Strike-through Clause (cut-through Clause)

Provision that holds a re-insurer liable for its share of losses even if the ceding company becomes ...

Trade-in

Amount received for old property when exchange for new property. ...

Related Real Estate FAQ

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

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

What do Real Estate Attorneys do? What is Earnest Money What Must I Disclose When Selling My Home? 5 U.S. Cities with the Best Public Transportation How is Square Footage Determined?

FAQ

What is Loan Amortization? Should I Pay Extra Each Month? What does Fannie Mae mean? How Much Will My Principal Be? What is an assumable mortgage?