What does Judgment Rating mean? Read on to discover the definition & meaning of the term Judgment Rating - to help you better understand the language used in insurance policies.
A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.
We hope the you have a better understanding of the meaning of Judgment Rating.