A method of classifying risks by geographic location to set a fair price for coverage. The location of the insured may have a considerable impact on the cost of losses. The chance of an accident or theft is much higher in an urban area than in a rural one, for example.
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About this Entry
This page contains a single entry by David published on July 11, 2005 11:03 PM.
TERM INSURANCE was the previous entry in this blog.
TERRORISM COVERAGE is the next entry in this blog.
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