Valuation Clause


Definition of "Valuation clause"

Provision in a marine insurance policy in which agreement has been reached between the insured and the insurance company concerning the worth of the property that is to be covered under the policy.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Regulation Z

The federal Reserve Bank's regulation of consumer and mortgage credit transactions. A lender must p ...

Prohibited Transactions

Actions not allowed between a trust and a disqualified person under the employee retirement income s ...

Conditional Fee

An estate constrained from some heirs and dedicated to others on the basis of a certain condition. ...

Bi-level

Two-story house where the front door is located above the first floor but below the second floor. ...

Matching

Requiring assets and liabilities of an insurance company to go up or down together on a proportional ...

Administrative Law

Law created by government regulatory agencies, such as the office of the commissioner of insurance, ...

Related Real Estate FAQ

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

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 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 ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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

How is Square Footage Determined? How To Choose A Realtor 10 Tips for Homebuyers Real Estate Open House - The Dos and Don How Does The Home Loan Underwriting Process Work?

FAQ

What is underwriting? What is a wraparound mortgage? What is a proration? What is accession? What is a survey?