Wraparound Insurance Program

Definition of "Wrap-around insurance program"

Program designed as protection for political risk (action taken by a foreign government resulting in financial loss to companies trading or investing overseas). Coverage is provided for deprivation, acts of government, embargo, sanction, partial loss, and forced abandonment.

Search Real Estate Glossary

Related Real Estate Glossary terms

Physical Depreciation Or Deterioration

Decline in value of property from use. The property's condition is aging. An example is plumbing det ...

Civil Court

State court where civil disagreements are decided by the judge or jury. A written record is kept of ...

Family Coverage

Insurance coverage for the named insured and his or her eligible dependents. ...

Financial Statement

Balance sheet and profit and loss statement of an insurance company. This statement is used by State ...

Material Participation

Significant action and duties performed by an individual in a real estate activity. An example is a ...

Coordination Of Benefits

Arrangement in health insurance to discourage multiple payment for the same claim under two or more ...

Related Real Estate FAQ

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 Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Does Fannie Mae Mean?

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

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first Short Sale Homes Real Estate Open House - The Dos and Don Tax Breaks for the First Time Home Buyer How To Choose A Realtor

FAQ

What are jumbo mortgages? What is a seller takeback? What is underwriting? What is an annuity? What is a qualifying ratio?