Definition of "Layering"

Jacques Handal real estate agent

Written by

Jacques Handalelite badge icon

Success Real Estate

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

property having an easement right through another adjoining property. The property through which the easement passes is considered to have the servient tenement. ...

In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...

Dehydrated gypsum that is mixed with water to form a rapidly setting material. Plaster of paris sets too rapidly to be practical for most building applications, but it is useful for ...

When dealing with foreclosure, anti-deficiency laws can act as a life raft for many homeowners. They are state laws that come as a form of relief protecting the purchaser of residential ...

Loss of property from nonfulfillment of some duty or condition. In some cases, forfeiture is required by a court order, whereas in other cases the nonfulfillment of a contractual debt is ...

Metal hardware within the construction that is typically not visible, such as bolts, nails, and screws. ...

Person who dies leaving a will specifying the distribution of the estate. ...

Two-story house where the front door is located above the first floor but below the second floor. ...

Combination of IRC 1034 and 121 dealing with the sale of a personal residence with the once-in-a-lifetime $125,000 exclusion that may be available for the "over-55" seller. Should the ...

Popular Real Estate Questions