An insurance policy that is classified as having a greater-than-average likelihood of loss, usually issued with special exclusions, a premium rate that is higher than the rate for a standard policy, a reduced face amount, or any combination of these.
Insurance that costs you a higher premium because you have a physical impairment, past medical condition, hazardous occupation, dangerous hobby, or some other underwriting risk.
An insurance policy issued at a higher premium rate to cover risks considered to be particularly severe.
A policy issued at a higher premium rate because an impairment of the insured (health or some other factor) disqualifies the individual for Preferred or Standard rates.
A policy issued at a higher premium rate to offset the risk of insuring an individual whose health (or some other risk factor) disqualifies the individual for Preferred or Standard rates.
A policy issued at a higher premium rate to offset the risk of insuring an individual who is considered to be a higher-than-average risk.
An insurance policy issued at a higher-than-standard premium rate to cover extra risk, as when the insured has impaired health or a hazardous occupation. Also known as extra-risk policy.
A policy issued on an individual that is classified as a substandard risk. A rated policy has a premium rate is higher than the rate for a standard policy or the policy is issued with special limitations or exclusions or both.
Coverage issued at a higher rate than standard because of some health condition, or impairment of the insured.
Sometimes called an "extra-risk" policy, an insurance policy issued at a higher-than-standard premium rate to cover the extra risk where, for example, an insured has had a DUI or other traffic violations.
A policy issued at a higher premium to cover a person classified as a greater-than-average risk, usually because of impaired health or a dangerous occupation or hobby.
An insurance policy that carries a higher premium to cover for extra risk (e.g., life insurance when the insured is in a high-risk occupation). These types of policies are also referred to as "rated up" or "extra risk" policies.
Sometimes called an extra-risk policy, this is an insurance policy issued at a higher than standard premium rate.
Policy issued to insure a person classified as having a greater-than-average likelihood of loss. Policy may be issued with special exclusions, with a premium rate that is higher than the rate for a standard policy or with exclusions and a higher than standard premium rate.
A policy issued to insure a person classified as having a greater-than-average risk to the insurance company, for example a person with impaired health or a hazardous occupation. The policy may be issued with special exclusions and/or a cost of insurance that is higher than a regular policy.
A policy issued at a higher premium to cover a person classified as a greater-than-average risk, usually due to impaired health or a dangerous occupation. Reasonable and Customary (R &C) — A term used to refer to the commonly charged or prevailing fees for health services within a geographic area. A fee is generally considered to be reasonable if it falls within the parameters of the average or commonly charged fee for the particular service within that specific community. This term can also be referred to as "Prevailing Rate", "Covered Charge", "Allowable Charge" and/or "Usual" "Reasonable" and "Customary" amount.
Sometimes called an "extra-risk" policy, an insurance policy issued at a higher-than-standard premium rate to cover the extra risk where, for example, an insured has impaired health or a hazardous occupation.
Also called an "extra risk" policy. A rated policy covers a higher risk for a higher-than-usual premium. For example, an insured person with a dangerous occupation or impaired health condition often has a "rated" policy that costs more to protect the insurer from added risk.
An insurance policy that covers a person classified as a greater than average risk of loss. The policy''s PREMIUM rate may be higher than the rate for a standard policy or the policy is issued with special limitations, or exclusions or both.
An additional premium, added to a policy, to cover the risk of an especially hazardous occupation or hobby.
is a policy issued to someone with a higher insurance risk. A rated policy will have higher premiums or limited/excluded benefits, or both. Ratings can be due to health, occupation, lifestyle or activity risks which are considered not the norm.
Also known as an "Extra-Risk" policy, this policy is issued at a higher than stated premium rate due to extra risk in the policy holder, such as impaired health or a dangerous occupation
A policy for which the insured pays a higher-than-standard premium because of a higher risk due to a physical impairment, past medical condition, hazardous occupation, or a hazardous hobby. This type of policy is sometimes called an extra-risk policy.
The basis for an additional charge to the standard premium because the person insured is classified as a greater than normal risk. Above standard rates usually result from impaired health or hazardous occupations.
An insurance policy issued at a higher-than-standard premium rate to cover a higher-than-standard risk; for example, for an Insured who has impaired health or a hazardous occupation.
This is a substandard policy, which means the physical or moral lifestyle of the insured is more susceptible to loss. It's the opposite of a Preferred Risk.
A policy issued with an additional premium to cover the extra risk involved if an insured has impaired health, a hazardous occupation or hobbies, or is a private pilot.