Reinstatement Clause


Definition of "Reinstatement clause"

Peggy Sue Welch
  Keller Williams Realty

Provision in the insurance policy lapses due to premium nonpayment, all
unpaid premiums must be paid, and any additional requirements must be satisfied before reinstatement
can take place.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Asset Adequacy Tested Reserve

Required reserve to satisfy all life insurance policy obligations and expenses according to the appo ...

Potential Gross Income

Expected revenue to be earned from a sale or the rendering of services. An example is a potential bu ...

Power Of Attorney

Legal instrument whereby an individual is given the right to act on behalf of another individual. Fo ...

Reversionary Interest

Property interest a person has that is presently possessed by another. Upon the termination of the ...

Extended Reporting Period Insurance (erpi)

Policy underwritten on either a monoline primary insurance or monoline excess insurance basis that w ...

Society Of Industrial And Office Realtors (SIOR)

Branch of the National Association of Realtors. Members are involved in real estate transactions for ...

Related Real Estate FAQ

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

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

10 Tips for Homebuyers What is the Best Time of Year to Buy a Home? What do Real Estate Attorneys do? How Does The Home Loan Underwriting Process Work? Why Use a Real Estate Agent?

FAQ

What is an amortization? What is a cap? What is Freddie Mac? What is the difference between being prequalified and preapproved for a loan? What is a loan origination fee?