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

Popular Real Estate FAQ