Flood Insurance


Definition of "Flood insurance"

tester developer
  testing it

Insurance indemnifying property from flood losses and mud slides for property qualified under the National Flood Insurance Act of 1968.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Floor Are Ratio (FAR)

The ratio between a structure's total floor are and the total land area of the land upon which it is ...

Listing Agreement

Contract allowing a real estate agent to list a property exclusively and/or with a multiple listing ...

35-percent Rule Of Thumb

A lender uses this rule to determine a borrower's housing affordability. It says that a borrower can ...

Short-term Capital Gain Or Loss

The profit or loss from selling an investment that is held one year or less. Short-term gains are or ...

Unsecured Note

Credit note which a lender's only security is the borrower's personal financial situation and credit ...

Devise

Gift of real property as stipulated in a will. ...

Related Real Estate FAQ

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

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

How to become a real estate agent 3 tips to ensure your sale goes through Rent or Buy - the pros and cons How is Square Footage Determined? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What is a contingency? What are prepayment penalties? What does Fannie Mae mean? What is a fixed-rate mortgage? What is an overall debt ratio?