What Does Self Rating Mean?

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

Self Rating

Self Rating

Prospective or retrospective rating whereby the rate depends on the experience of the insured. The term implies that the insured's exposure and loss experience is of a large enough size and time period to be statistically credible.

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

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