Wrapup Insurance

Definition of "Wrap-up insurance"

Liability policy that covers all liability exposures for a large group that has something in common. For example, wrap-up insurance can be written for all the various businesses working together on a special project, to provide coverage for losses arising out of that work only.

Search Real Estate Glossary

Related Real Estate Glossary terms

Mortgage Bonds

Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgag ...

Sump

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

Premium Adjustment Endorsement

Provision in an insurance policy allowing an initial premium to be charged, but subject to adjustmen ...

Equity Cushion

Ownership interest in property that is above the minimum needed to meet uncertainties or a downward ...

Chargeable

Describing automobile accidents that are considered to be the results of the negligent acts of the i ...

Lapse Risk

Measure of the sensitivity of the insurance company's liability to changing policy surrender distrib ...

Related Real Estate FAQ

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Are The Benefits Of Liability Insurance?

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

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City Foreclosure - The Pros and Cons of Buying Rent or Buy - the pros and cons Top Five Reasons Your Home Offer was Rejected What is Earnest Money

FAQ

What are jumbo mortgages? Is depreciation common? What does an appraisal mean? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a second mortgage?