Riot Exclusion


Definition of "Riot exclusion"

Kevin Greer
  KEG Realtors

Clause in the Standard Fire Policy and many other property insurance policies that excepts coverage for losses caused by riot or civil commotion. Coverage for riot and civil commotion can be added with the extended coverage endorsement.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Market Rent

Rent that a comparable property would mandate in a given real estate rental market. Market rent is a ...

Conservator

An individual appointed by a court to manage the affairs and property of a legally incompetent party ...

Balance Sheet Reserves

Amount expressed as a liability on the insurance company's balance sheet for benefits owed to policy ...

Basis Point

Unit of measure for the change in interest rates for loans. One basis point equates to 1 percent of ...

Tenement

City apartment building that is overcrowded, poorly constructed or maintained, and generally part ...

Economic Life

Expected period that property will provide benefits. It is typically less than physical life of the ...

Related Real Estate FAQ

What Is An Appraised Value?

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

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

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

How To Get A Loan with Bad Credit How is Square Footage Determined? What Must I Disclose When Selling My Home? 7 Things to Consider Before Moving to a New City Real Estate Open House - The Dos and Don

FAQ

What is zoning? What is a mortgagor? What is a housing ratio? What if the computer I want to insure is homemade or custom-built? What is a basic policy?