Severity Rate


Definition of "Severity rate"

Mel & Barb Neely
Mel & Barb Neely Island Vacation Properties, Llc

Size of the losses used as a factor in calculating premium rates. For example, the U.S. Bureau of Labor Statistics studies the number of days lost by injured employees per million person-hours worked.

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

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Notice To Company

Written notice, to be submitted by the claimant, required by the insurance company in the event of an insured peril. This notice is part of the standa ...

Contributing Property

Business income coverage form that covers an insured business in the event that a manufacturer's operations are interrupted or suspended, thereby resu ...

Issued Business

Policies that have been sold to and paid for by an insured, but not yet delivered to the insured. ...

Life Insurance Cost

Amount paid to an insurer. Determination of the actual cost (not the price paid) of a life insurance policy has been widely discussed for many years i ...

American Risk And Insurance Association

Membership organization of companies, academics, and individuals in the insurance business whose interest is to further education and research in insu ...

Degree Of Risk

Amount of uncertainty in a given situation. Probability that actual experience will be different from what is expected. ...

Popular Real Estate FAQ

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 ...

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 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 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 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 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 our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

Should I Pay Points for a Lower Rate? Should I Consolidate My Debt? What is a lease purchase mortgage? What is a mortgage? How Much Will My Principal Be?