Minimum Rated Risk


Definition of "Minimum rated risk"

Tamara Irvine
Tamara Irvine 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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