What Does Accident Severity Mean?

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What does Accident Severity mean? Read on to discover the definition & meaning of the term Accident Severity - to help you better understand the language used in insurance policies.

Accident Severity

Accident Severity

Accident severity is the basis for both the premium for the insurance that covers accidents and the amount of money that an insurance company will release for the policyholder in the event of an accident.

We hope the you have a better understanding of the meaning of Accident Severity.

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