Standard Fire Policy Analysis


Definition of "Standard fire policy analysis"

Michele  Burch real estate agent
Michele  Burch, Real Estate Agent EXIT Preferred Realty

Method of rating that compares property to be insured to a standard and adjusts the rate for deviations from the standard. A standard building is situated in a standard city of specific construction with specified fire protection. Other risks are compared to the standard and given credits or debits if they are a better or worse risk.

 

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