Meaning PREFERRED RISK
What does PREFERRED RISK mean? Here you find 18 meanings of the word PREFERRED RISK. You can also add a definition of PREFERRED RISK yourself
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PREFERRED RISKAny risk considered a better or preferred risk (i.e., one having lower potential loss frequency and severity) than the standard or "average" risk upon which premium rates are calcu [..]
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PREFERRED RISKA proposed insured who presents a a significantly better than average life expectancy and who is charged a lower premium than the standard premium rate.
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PREFERRED RISKan insured that an insurer deems has a lower than average chance of loss and that usually may pay a lower premium [because of the past accidents, he was not a preferred risk]
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PREFERRED RISKinsured, or applicant for insurance, who presents likelihood of risk lower than that of the standard applicant.
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PREFERRED RISK
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PREFERRED RISK Any risk considered to be better than the standard risk on which the premium rate was calculated.
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PREFERRED RISKA positive characterisic of someone seeking to be insured. Usually means a better likely hood for long life, and usually means a lower premium.
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PREFERRED RISKThis typically refers to drivers who statistically have fewer accidents than average. Insurance companies take into account factors such as age, gender, and a clean driving record. These drivers are usually eligible for a reduced rate.
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PREFERRED RISKInsured, or an applicant for insurance, with lower expectation of incurring a loss than the standard applicant. For example, an applicant for life insurance who does not smoke can usually obtain a red [..]
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PREFERRED RISKA positive characterisic of someone seeking to be insured. Usually means a better likely hood for long life, and usually means a lower premium.
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PREFERRED RISKAn insurance classification indicating a risk that is superior to the average risk on which the rate has been calculated and thus eligible for a reduced rate.
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PREFERRED RISKAn insurance classification indicating a risk that is superior to the average risk on which the rate has been calculated and thus eligible for a reduced rate.
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PREFERRED RISKRefers to an individual who is considered to present less risk to an insurer than the average motorist.
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PREFERRED RISKAn insurance classification indicating a risk that is superior to the average risk on which the rate has been calculated and thus eligible for a reduced rate.
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PREFERRED RISKA person who is deemed more likely to have above-average longevity (based on health, lifestyle, and other factors). Insured individuals in this rate class pay lower premiums than insureds in a standa [..]
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PREFERRED RISKAny risk considered to be better than the standard risk on which the premium rate was calculated.
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PREFERRED RISKAn insurance classification indicating a risk that is superior to the average risk on which the rate has been calculated and thus eligible for a reduced rate.
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PREFERRED RISK A positive characteristic of someone seeking to be insured. Usually means a better likelihood for long life, and usually means a lower premium.
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