Buyers Policy


Definition of "Buyer’s policy"

Oscar Garcia
  Century 21 Sweyer & Associates

Insurance or maintenance policy taken out by a buyer of real or personal property.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Limits Under Multiple Policy Years (lump)

Single limit insurance program remaining in force for several years as compared with traditional ins ...

Acknowledgment

Proclamation by an authorized official verifying the individuals signing a document or deed and that ...

Deflation

General decrease in prices. It is the opposite of inflation and different from disinflation, which ...

Public Offerings

Offering of new securities of a real estate company to the investing public, after registration requ ...

Ergonomics

Risk management control device used to minimize accidents and injuries to employees resulting from a ...

Emblements

Annual crops raised by a land tenant and treated as the tenants property. The tenant has the right t ...

Related Real Estate FAQ

What Is Principal?

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

What Are The Benefits Of Liability Insurance?

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

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

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

Mortgage Loan Types 7 Things to Consider Before Moving to a New City When to buy a house Tax Breaks for the First Time Home Buyer How Does The Home Loan Underwriting Process Work?

FAQ

What does the Real Estate Settlement Procedures Act (RESPA) require? What type of Life Insurance is right for me? What is a closing? What is an origination fee? What is a debt-to-income ratio?