preferred risk
- Refers to a person or entity safeguarded by an insurance policy who is considered less likely than average to suffer a loss, and who typically may be eligible for lower insurance premium rates
- Due to her clean driving record, she was classified as a preferred risk by the insurance company.
- Because the building was located in a low-risk area and had superior security measures, it was assessed by the insurer as a preferred risk.
- The insurance company offered a discounted rate to the homeowner as he was deemed a preferred risk due to his home's robust safety features.
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