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
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Width of a stair. ...
Personal property or real property that are passed on to heirs upon one's death. ...
Person's sole ownership of real property. ...
Upper layer of ground. ...
Principle stating that the joint tenants must have equal rights to possession of the whole property. ...
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Decision rendered by a court of law. ...
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