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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Named Insured

Person, business, or organization specified as the insured (s) in a property or liability insurance ...

Curtail Schedule

Lessening of work assignments such as when a real estate management firm reduces the number of build ...

Contractors Equipment Floater

Form of marine insurance that covers mobile equipment of a contractor, including road building machi ...

Paid For

Insurance policy for which the required premium has been paid. ...

Optimum Use

Same as term higher and best use: Use of a parcel of land that will produce the greatest current val ...

Negative Amortization

Increase in the outstanding loan balance arising when the mortgage payment does not fully meet the i ...

Related Real Estate FAQ

Should I Consolidate My Debt?

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Why Right Now is a Good Time for Millennials to Buy a Home 7 Things to Consider Before Moving to a New City Mortgage Loan Types Should you Buy a Home with Cash? 6 Reasons you are not selling properties

FAQ

What is a proprietary lease? What is an appreciation? What is a private Mortgage? How Much Will My Principal Be? What do I need to know about Indemnity Insurance?