/reɪt ʌv ɪnˈʃʊrəns/ – Phrase
Definition: suốt bồi thường bảo hiểm.
A more thorough explanation: The legal English definition of the term “rate of insurance” refers to the premium or cost charged by an insurance company for a specific type of insurance coverage. It is the amount of money that an insured individual or entity pays to the insurance company in exchange for the protection and coverage provided by the insurance policy. The rate of insurance is typically determined based on various factors such as the type of insurance coverage, the risk profile of the insured, and other relevant considerations.
Example: The rate of insurance for the property was determined based on the value of the assets and the level of risk associated with the location.