Windstorm Insurance


Definition of "Windstorm insurance"

Additional coverage available on most property insurance policies through the extended coverage endorsement. Windstorms, including hurricanes, cyclones, and high winds, are not among the covered perils under most property insurance policies.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Closing

On a home purchase, the process of transferring ownership from the seller to the buyer, the disburse ...

Respondeat Superior

Latin for "Let the superior reply." That is, an employer is liable for the torts of employees that r ...

Mortgage Out

Obtaining all the money needed for a real estate project's development. The acquirer/developer does ...

Indemnity Company

Insurance company that specializes in underwriting casualty insurance. ...

Legatees

Individuals who inherit assets as the result of being named in a will. ...

Homogeneous Exposures

Elements within a group under study that have the same characteristic (s), have the same expectation ...

Related Real Estate FAQ

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

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

5 U.S. Cities with the Best Public Transportation Getting Ready to Sell? Don't make these DIY Mistakes! How To Choose A Realtor How Does The Home Loan Underwriting Process Work? Mortgage Loan Types

FAQ

What is a subdivision? What if they no longer make my specific computer? What is a counteroffer? What is a front-end ratio? What is hazard insurance?