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- Circa means roughly, and it refers to an estimate or guess as people apply the word to unknown dates, unspecified aspects, such as a property's size and age.
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The meaning of circa in real estate signifies an estimate, an educated guess, or a rough assessment of a home’s specific feature. As we previously mentioned, circa does not describe a piece of precise and accurate information. For this reason, participants in a transaction shouldn’t use it when referring to essential, concrete, and ...
Apr 12, 2019 · This could be a dangerous assumption. Insurance companies frequently reserve the right to deny – or deny outright – coverage of claims made during the policy period on the basis of provisions in their policies that pertain in one way or another to events predating the policy period. Understanding some of the more common ways insurance ...
You’ll find definitions of common real estate insurance terms by clicking on the topic below. Actual Cash Value (ACV) Actual Damages (also known as compensatory damages) Additional Insured. Aggregate Limit. A.M. Best Company, Inc. BOP. Bodily Injury. Business Interruption Insurance.
Your Retroactive Date is the first date from which your real estate E&O coverage was continuous, either in your name or your company name. “Continuous” means absolutely no gaps in coverage whatsoever. And “continuous” also means continuously in your name if you have an individual policy. If you’re covered by a company policy, it means ...
Jan 3, 2020 · Real Estate. Sullivan & Worcester LLP. If you would like to learn how Lexology can drive your content marketing strategy forward, please email enquiries@lexology.com . A Q&A covering the essential ...
Feb 28, 2023 · In general, the term “contingent” means “depending on specific circumstances.”. In real estate transactions, a contingent home sale means that buyers and sellers need to meet certain conditions before the sale is finalized. For instance, when a buyer makes an offer on the house with an inspection contingency and the seller accepts the ...
Oct 13, 2023 · Definition of Insurance Law. Insurance is a type of contract. The policyholder, or "insured," pays a premium to the insurance company (the "insurer"). In exchange, the company promises to pay for certain types of losses ("coverage") if they occur. Insurance coverage and payouts depend on the type of insurance and the nature of the claim.
