What does Classified Insurance mean? Read on to discover the definition & meaning of the term Classified Insurance - to help you better understand the language used in insurance policies.
Classified insurance is insurance protection for people who are deemed considerably risky for insurers. This type of coverage, which is predominantly offered in terms of life and health insurance, can come with higher premiums due to the added risk for the insurer.
We hope the you have a better understanding of the meaning of Classified Insurance.