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For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. [1] For example, if an insurance company pays $60 in claims for every $100 in collected premiums, then its loss ratio is 60% with a profit ratio/gross margin of 40% or $40.
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. [1] [2] Such a loss may be an "actual total loss" or a "constructive total loss".
Real estate benchmarking is the standard of measurement used to analyze the financial characteristics of a real estate investment property. In the general sense, real estate benchmarking refers to the comparison of potential real estate investment properties against a predetermined framework of measurement. In a narrow sense, the term real ...
In Myrtle Beach, homes for sale dropped to record low numbers in 2021 as buyers flooded into the market offering tens of thousands over asking price and waiving due diligence steps such as home ...
For the high mortgage rates that hurt the Myrtle Beach area’s real estate market in 2023, the St. Louis Fed’s economic data also shows that 30-year fixed mortgage rates have fallen from their ...
North Myrtle Beach stopped making payments to Myrtle Beach after that sale, despite continuing to use the transmission lines, and increased population has led to North Myrtle Beach doubling its ...
In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. For instance, if someone borrows $130,000 to purchase a house worth $150,000, the LTV ratio is $130,000 to 150,000 or $130,000 / $150,000 , or 87%.
Loss factor may refer to: Loss factor , in real estate the percentage of the building's area shared by tenants or space that are dedicated to the common areas of a building used to calculate the difference between the net (usable) and gross (billable) areas.