Deviated Rate


Definition of "Deviated rate"

Linda White
  Benchmark Realty LLC

Rates used by a property and casualty insurance company that are different from that suggested by a rating bureau. An insurance company may use deviated rates because it feels they are more indicative of the company's experience.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Rate/Point Break-Even

The period you must retain a mortgage in order for it to be profitable to pay points to reduce the ...

Fellow, Casualty Actuarial Society (fcas)

Designation earned by passing 10 national examinations on subjects including mathematics of property ...

Curable Depreciation

Correcting depreciation by making improvements at less cost than the value added. For example, the m ...

Curtesy Interest

Husband's interest in his wife's property upon her death. A husband has an insurable interest in tha ...

Insurable Risk

Condition in which an applicant has met an insurance company's standards. Requirements include a los ...

Soil

Upper layer of ground. ...

Related Real Estate FAQ

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Is A Title?

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

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Is Principal?

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

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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

Build or Buy? That’s the Big Question Foreclosure - The Pros and Cons of Buying What is Hazard Insurance? What is Earnest Money How to become a real estate agent

FAQ

What is a Multiple Listing Service (MLS)? What are discount points? What does computer insurance cover that my warranty doesn't? What is an inspection? What does Travel Insurance Typically Cover?