Frequency And Distribution Of Losses


Definition of "Frequency and distribution of losses"

Rebecca Mould
Rebecca Mould Lighthouse Harbour Realty, LLC

Number of times losses occur, and their severity. These statistics measure expectation of loss, and are critical in establishing a basic premium or the pure cost of protection that is based on expectation of loss.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Freight Insurance

Coverage for goods during shipment on a common carrier. ...

Permanent Total Disability

Disability in which a wage earner is forever prevented from working because of injury or illness suffered. ...

Conditional

Terms specifying obligations of an insured to keep a policy in force. For example, an insured must pay the premiums due; in life insurance, if death o ...

Acquisition Cost Term

Expense of soliciting and placing new insurance business on a company's books. It includes agent's commissions, underwriting expenses, medical and cre ...

Homogeneous Exposures

Elements within a group under study that have the same characteristic (s), have the same expectation of loss, are very much alike with respect to the ...

Flexible Portfolio Accounts

Accounts in which assets are allocated across the spectrum of equity, debt, and money market instruments. They are the most popular equity investment ...

Popular Real Estate FAQ

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

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

How To Get A Loan with Bad Credit 10 Real Estate Tips for Homebuyers What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? A Real Estate Agent’s Guide to Using Social Media Effectively When to buy a house

FAQ

What is a cap? What is Freddie Mac? What do I need to know about Group Health Insurance? What does Travel Insurance Typically Cover? Is depreciation common?