Accident Rate | Insurance Glossary

Definition of "Accident rate"

Scott & Angie Newby

Calumet Realty

Number of times an accident occurs. Used in predicting losses upon which premiums are based.

A simple box-shaped house with clapboard siding and a gable roof. ...

Element usually found in industrial life insurance policies under which the insurance company upon t ...

An agreement specified in the lease providing the tenant the option to renew the lease for a given t ...

Rules of conduct and commissions paid to agents. For example, under the rules of conduct agents may ...

Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a ...

Individuals who inherit assets as the result of being named in a will. ...

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

A title is the right of property ownership. ...

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

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