Minimum Rated Risk


Definition of "Minimum rated risk"

Tamara Irvine real estate agent
Tamara Irvine, Real Estate Agent Adina Kadin Realty

In insurance, charging the lowest rate accorded an insurance policy covering a minimum risk classification situation. For example, a homeowner's insurance for a home located within 500 feet of a fire hydrant, having smoke detectors, a burglar alarm, and constructed from fireproof material may qualify for the minimum rated risk.

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