Snowmobile Floater


Definition of "Snowmobile floater"

Endorsement to a homeowners insurance policy or a personal automobile policy (pap) that covers physical damage to a snowmobile wherever it happens to be. Coverage can be on named peril or all risks basis.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Architect

An individual, educated, trained, and licensed in the principles of designing structures, and render ...

Real Estate Settlement Procedures Act (RESPA)

U.S. law covering the procedures in some types of real estate closings. Its objective is to have u ...

Endowment Annuity Insurance

Insurance policy that combines the elements of a deferred annuity with the elements of DECREASING TE ...

Reciprocity

Relationship between individuals or entities whereby rights given to one are returned in kind to th ...

Gross Rent Multiplier (GRM)

The percentage of the selling price of property to its gross rental income. It is used to value an i ...

Reinsurance Capacity

largest amount of reinsurance available from a company or from the general market; large amounts o ...

Related Real Estate FAQ

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 ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is A Front-end Ratio?

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

What Is A Mortgagor?

A mortgagor is the borrower. ...

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 is Escrow and how does it Work? Build or Buy? That’s the Big Question 5 signs of house foundation problems 5 U.S. Cities with the Best Public Transportation Foreclosure - The Pros and Cons of Buying

FAQ

What if they no longer make my specific computer? What is a buydown? What is a Ginnie Mae? What is a wraparound mortgage? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase?