Unsolicited Application


Definition of "Unsolicited application"

Scott & Angie Newby
  Calumet Realty

Request for life insurance coverage by an individual, not through an agent or broker. It is given extra scrutiny by an insurance company because of the possibility of self-selection, which is the likelihood that poorer risks will seek insurance on their own initiative.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Jetty

Projecting structure or part of a building. For example, a home was built with balconies jutting out ...

Losses Paid

Losses representing claims paid. ...

Consortium Underwriting

Method of underwriting by which one or a group of Lloyd's underwriters write business on behalf of a ...

Spread

The difference between the price offered by a buyer and the price asked for by the seller of real pr ...

Constructive Trust

Judicial order creating a trust for property wrongfully or illegally assumed or taken. The trust c ...

Mortgage Discount

One-time charge assessed by a bank or other financial institution at the closing of buying real prop ...

Related Real Estate FAQ

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

How Much Will My Principal Be?

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

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Does Fannie Mae Mean?

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

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

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

6 Reasons you are not selling properties Top Five Reasons Your Home Offer was Rejected What Must I Disclose When Selling My Home? When to buy a house Mortgage Loan Types

FAQ

What does a back-end ratio mean? What is a broker? What is a seller takeback? What type of Life Insurance is right for me? What is a fixed-rate mortgage?