Earthquake Insurance

Definition of "Earthquake insurance"

Comprehensive insurance policy rider or available as a separate policy indemnifying property against damages caused by an earthquake or volcanic eruption. Damage claims can be filed for each earthquake and related shocks occurring more than 72 hours after the initial shock. Earthquake insurance does not cover losses from fires, floods, explosions, or tidal waves.

Search Real Estate Glossary

Related Real Estate Glossary terms

Negative Points

Points paid by a lender for a loan with a rate above the rate on a zero point loan. For example, a ...

Reinsurance Clause

Provision that covers a business to be protected under a reinsurance treaty. The class either can ap ...

Motor Truck Cargo Insurance

Protection required under the Motor Carrier Act of 1935. The policy covers the motor truck carrier i ...

Demographics

Evaluation of housing requirements based on family size, ages, occupations, marital status, and othe ...

Foundation

The portion of a structure providing the primary ground support. Foundations have a foundation wall ...

Calendar Year Experience

Paid loss experience for the period of time from January 1 to December 31 of a specified year (not n ...

Related Real Estate FAQ

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? Mortgage Loan Types Tax Breaks for the First Time Home Buyer Build or Buy? That’s the Big Question 5 U.S. Cities with the Best Public Transportation

FAQ

What do I need to know about Individual Health Insurance? What is a closing? How do I file an Insurance Claim? What does an appraisal mean? How much Life Insurance do I need?