Strikes Riots And Civil Commotion Clause

Definition of "Strikes, riots, and civil commotion clause"

Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion.

Search Real Estate Glossary

Related Real Estate Glossary terms

Equity Buildup

The increase in a person's equity in a real estate due to the reduction in the mortgage loan balance ...

Declaration

Legal record used to create a condominium. It encompasses the description of the property, common e ...

Deficiency

Additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the corr ...

Detached Housing

Freestanding residential housing constructed on its own building lot. Detached housing is the typic ...

Boilerplate

Standard language in real estate contracts and prospectuses-usually in small print. ...

Blended/integrated Insurance Program

Insurance programs that combine finite risk insurance, reinsurance, and traditional insurance as an ...

Related Real Estate FAQ

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

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. Gue ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? 7 Tips for a First Time Homebuyer Build or Buy? That’s the Big Question What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

How big is an acre? What is a deed? What happens when you prequalify? What is an index? What are discount points?