Minimum Rated Risk
Definition of "Minimum rated risk"
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.
Popular Real Estate Terms
Misuse, alteration, destruction, or neglect of land by an individual right-fully in possession that breeds a significant and permanent reduction of its value to the legal interest owned by ...
protective wall along a roof or below a terrace. ...
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Paneled brickwork between timber quarters, a framed wall, or partition. ...
Charges billed for services rendered. They may be on a flat basis or on an hourly rate. ...
Nineteenth-century style home architecture featuring three dimensional ornamentation, made by hand using a chisel and gouge. ...
Right of property owner to have his or her property used in satisfying a loan. Written contract of court judgment placing a lien on a parcel of property as collateral for a loan. An ...
Constructed in place by filling holes drilled through to bearing strata with concrete. ...
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