Expectation Of Loss | Insurance Glossary

Definition of "Expectation of loss"

Same as term Expected Loss: probability of loss upon which a basic premium rate is calculated.

Type of logic that makes the assumption that what has happened in the past will happen in the future ...

Special property damage coverage purchased by an individual renting an automobile under which the re ...

Proportion of a premium allocated to pay losses, which is equivalent to (1.00 - expense ratio). ...

Fluctuation in claims arising from adverse selection. ...

Date, in insurance, on which a person becomes one year older. Depending on the insurance company, pr ...

Payment of insurance proceeds for a claim resulting from a loss to insured mortgaged property. ...

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

A mortgagor is the borrower. ...

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

Commercial insurance is designed to help protect many of the risks your business can face, including ...

Basic points relates to changes in the interest rate for your home. ...

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