Vermin Exclusion


Definition of "Vermin exclusion"

Section of some inland marine insurance {transportation insurance) and many other property insurance policies excluding coverage for damage to shipped goods by vermin such as rats.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Personal Lines

Insurance written on the personal and real property of an individual (or individuals) to include suc ...

Chartered Financial Consultant (chfc)

Professional designation awarded by the American College. In addition to professional business exper ...

Conclusive Presumption

Incontrovertible reality forcing a judge in a trial to find evidence to the contrary unsupportable. ...

Equitable Owner

The person identified to receive the benefit of property held in trust. ...

Key Employee (key Person)

Individual who possesses a unique ability essential to the continued success of a business firm. For ...

Farmers Comprehensive Personal Liability Insurance

Provides the same coverage as a comprehensive personal liability insurance policy, plus coverage to ...

Related Real Estate FAQ

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

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 Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

What Are Comparables Or Comps?

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

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

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

Top Five Reasons Your Home Offer was Rejected What Must I Disclose When Selling My Home? What is Hazard Insurance? How To Get A Loan with Bad Credit Real Estate Open House - The Dos and Don

FAQ

What is commission? What is accession? What are closing costs? What do I need to know about RV Insurance? What is a balloon mortgage?