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
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Reducing real estate investment risk by acquiring diversified holdings. ...
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Area that is located between a rural and urban area. ...
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Federal program in which the U.S. government subsidizes much of the rent paid by low-income people. It applies to rentals of privately owned apartments. ...
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The person named in a deed who acquires ownership. ...
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