Insurance Rate

Definition of "Insurance rate"

Amount charged to an insured that reflects expectation of loss for a covered risk; and insurance company expenses and profit.

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Related Real Estate Glossary terms

Purchase Price

Cost of an annuity. Annuities are often paid for in a lump sum rather than annual or other periodic ...

Annul

To abolish, cancel, do away with, eliminate, invalidate, or make null and void. ...

Inventory

A detailed list of property. The goods of a business, such as houses by a builder. ...

Hazard

Condition that affects the probability of losses or perils occurring. An example is possible earthqu ...

Partial Vesting

A procedure effective January 1, 1989, under the tax reform act of 1986. The entitlement of an emplo ...

Section 1034

Provision in the Internal Revenue Code applicable to the sale of an individual's house. The gain or ...

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FAQ

What are prepayment penalties? What does an appraisal mean? What do I need to know about Watercraft Insurance? Should I Pay Points for a Lower Rate? What is a private Mortgage?