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War Rate
(redirected from War Rates)

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War Rate
The higher premium that an insurer charges a policyholder who is exposed to a warzone or other high-risk area. The war rate pays for the increased likelihood that the insurer will have to pay a claim. See also: War Risk.


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Aviation premiums have soared by between 400 per cent and 600 per cent following the disaster, and aviation war rates have jumped a massive 1,400 per cent, it claimed.
And he can hardly contain himself as he tells how aviation war rates have risen by 1,400 per cent while maritime war rates have jumped by up to 500 per cent.
 
 
 
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