What does Real Property mean? Read on to discover the definition & meaning of the term Real Property - to help you better understand the language used in insurance policies.
Land and most things attached to the land, such as buildings and vegetation. Growing crops, since they are physically attached to the soil, are generally considered real property. The definition of "land" includes not only the surface of the earth, but also everything above and beneath it. Thus, the ownership of a tract of land theoretically includes both the airspace above it and the soil from its surface to the center of the earth.
We hope the you have a better understanding of the meaning of Real Property.