What Does Schedule Rating Mean?

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

Schedule Rating

Schedule Rating

Schedule rating is the practice of either reducing or increasing a policyholder's premium based on certain conditions or factors. These conditions or factors are related to how much risk the insurer takes on.

We hope the you have a better understanding of the meaning of Schedule Rating.

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