Frequency And Distribution Of Losses


Definition of "Frequency and distribution of losses"

Pam Bava
  Real Living Kee Realty

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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Tax Credit

Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the ta ...

Loading

Addition to the pure cost of insurance that reflects agent commissions, premium taxes, administrativ ...

Matured

Describing the time of payment of face amount (face of policy) upon the death of the insured, or whe ...

Real Property

Rights, interest, and benefits inherent in the ownership of real estate, as distinguished from pers ...

Uniform Transfers To Minors Act (utma)

Act in which a life insurance company is permitted to transfer the death benefit from the policy to ...

Binding Receipt

Evidence of a temporary contract obliging a property insurance company to provide coverage as long a ...

Related Real Estate FAQ

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

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

7 Things to Consider Before Moving to a New City Top Five Reasons Your Home Offer was Rejected Foreclosure - The Pros and Cons of Buying How To Sell Your Home Build or Buy? That’s the Big Question

FAQ

What should I do if I'm in an accident? What is a mortgagee? What is the difference between being prequalified and preapproved for a loan? What are jumbo mortgages? What is homeowners insurance?