What Does Rated Mean?

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

Rated

Rated

A term used to describe insurance issued to a person, who is a substandard risk, at a premium rate which is higher than that charged for a standard risk.

We hope the you have a better understanding of the meaning of Rated.

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