google bot detected Inspection Report | Insurance Glossary |

Inspection Report

Definition of "Inspection report"

Beverly Younkins
  Coldwell Banker Residential Brokerage

Statement prepared by an inspection bureau for a life or health insurance company that summarizes information about an applicant for a policy, including financial standing, morals, physical condition, habits, and other information. This report is used by a company underwriter in evaluating an application for insurance; that is, whether the company should classify an individual as a standard risk at standard insurance rates, as a substandard risk (charged an extra rate), or as uninsurable.

Related Real Estate Glossary terms

Related Real Estate FAQ