Supplementary Coverage


Definition of "Supplementary coverage"

In property insurance, percentages of basic coverages which may be applied to provide coverage for other real and personal property. For example, under the homeowners INSURANCE POLICY SECTION I (property coverage) Coverage B, structures not attached to or part of the home (garage or appurtenant private structures) can be covered up to 10% of the basic home structure as found under Coverage A.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Franchise

Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchi ...

Empty Nesters

Describe a husband and wife or widow(er) whose children have been raised and moved out of the home. ...

Elimination Period

Form of deductible usually found in disability income insurance; for example, no benefits may be pay ...

Maturity

The period when a financial debt, such as a mortgage, must paid. ...

Interinsurance Company Claims

Those claims that arise when two or more property and casualty insurance companies have coverage on ...

Negative Amortization

A rise in the loan balance when the mortgage payment is less than the interest due. Sometimes calle ...

Related Real Estate FAQ

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Mortgage Broker?

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

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

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

7 Things to Consider Before Moving to a New City 7 Tips for a First Time Homebuyer 5 U.S. Cities with the Best Public Transportation Why Use a Real Estate Agent? Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What do I need to know about Group Health Insurance? What do I need to know about Condominium Insurance? What are paid advertorials? What happens when you prequalify?