Valuable Papers Records Insurance


Definition of "Valuable papers (records) insurance"

Susan Lambrecht
  Lambrecht Realty

Coverage in the event that papers of intrinsic value are damaged or destroyed. Coverage is on an all risks basis. Limits of coverage can be quite high; but the insurance company will not pay an amount in excess of the actual cash value of the loss, or the amount necessary to repair or replace the damaged or destroyed papers. Also, the papers must be kept under lock and key.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Sump

Pit or cavity built into the basement of a building to avoid or minimize flooding. It allows for the ...

Prepayment Of Loan Clause

Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due da ...

Fixed Income

Financial instrument such as a fixed dollar annuity or bond that pays a minimum periodic income at a ...

Suspension Of Coverage

Interruption of insurance provided for in most property insurance policies under circumstances where ...

Modern Georgian Architecture

Modeled after the English Georgian style, this architecture is a perfectly scaled grand symmetrical ...

Budget Deficit

Circumstance resulting when government expenditures exceed government income. To finance this differ ...

Related Real Estate FAQ

What Is A Lien?

A lien is a claim against a property. ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Are The Benefits Of Liability Insurance?

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

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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 do Real Estate Attorneys do? How To Choose A Realtor Top Five Reasons Your Home Offer was Rejected Build or Buy? That’s the Big Question How Does The Home Loan Underwriting Process Work?

FAQ

What is an appraised value? How much money can I borrow to buy a home? What is Long Term Care Insurance? Should I Consolidate My Debt? What is homeowners insurance?