Burning Ratio | Insurance Glossary

Definition of "Burning ratio"

actual fire losses divided by the total value of the property exposed to the peril of fire;
actual losses resulting from fire divided by the total fire amount of in-force business.

Combination life insurance policy composed Of TERM LIFE INSURANCE and an INSTALLMENT REFUND ANNUITY. ...

Coverage under a commercial workers compensation policy for situations in which an employee not cove ...

Contractual provision requiring apportionment. ...

Provisions, usually requiring an additional premium, that are appended to an insurance contract. The ...

Payment to a state or municipality by an insurance company based on premiums paid by residents. ...

A freehold equity in a n estate, restricted to the duration of the life of the grantee or other stip ...

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

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

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

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