Definition of "Layering"
Combination of insurance policies on property with each providing an additional increment of coverage exceeding the limits of the preceding policy. For example, policy A adds $70,000, then policy B adds $80,000, and the policy C adds $100,000, and the policy D adds $130,000, for a total coverage of $380,000. In some instances, a person may have to take out several policies from different insurance companies to obtain the total required coverage.
Popular Real Estate Terms
Structures added to framing to increase overall strength and stability. Various types of bracing include cables, rods, struts, ties, shores, additional framing, etc. ...
Reducing real estate investment risk by acquiring diversified holdings. ...
A home seller and a home buyer agreed upon a fair market value and the deal is off to closing the sale. One of the next steps is running a title search. But what is a title ...
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Area that is located between a rural and urban area. ...
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Federal program in which the U.S. government subsidizes much of the rent paid by low-income people. It applies to rentals of privately owned apartments. ...
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The person named in a deed who acquires ownership. ...
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