Maximum Probable Loss Mpl


Definition of "Maximum probable loss (mpl)"

Heidi Parrish real estate agent
Heidi Parrish Keller Williams Realty

Estimate of maximum dollar value that can be lost under realistic situations. For example, a fire or other peril occurs, but a sprinkler system works and a fire department responds in good order.

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

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Coinsurance Limit

In a mercantile open-stock burglary insurance policy, the dollar amount of coverage as required by the COINSURANCE clause. This dollar amount is the ...

Social Security Act Of 1935

Federal legislation that established the old age survivors, disability, and health insurance (OASDHI). ...

Nonprofit Insurer

Company formed and operated without the profit motive as its normal business objective; normally sells and services health insurance policies. ...

National Insurance Producers Conference

Organization of insurance broker and agent associations that includes the Independent Insurance Agents of America, National Association of Professiona ...

Collection Expense Insurance

Same as term Accounts Receivable Insurance: coverage when business records are destroyed by an insured peril and the business cannot collect money ow ...

Life Underwriter Political Action Committee (lupac)

Affiliate of the national association of life underwriters (NALU) that supports legislators in the interest of the insurance agents. One becomes a mem ...

Popular Real Estate FAQ

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 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 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 ...

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 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 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 ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What Will My ARM Loan Payment Be ? What is underwriting? What is escrow? What is a gift letter? What is an investment property?