In general, why do underwriters have lenghty procedures to i

by mumtaz » Tue Nov 24, 2009 06:10 am
Posts: 1
Joined: 24 Nov 2009

When in comes to Fire insurance, there are a lot of formalities to be done. First to gt a quotation many information has to be provided including a flood survey report, information about neighboring premises .

Total Comments: 2

Posted: Tue Nov 24, 2009 01:15 pm Post Subject:

Did you have a question, or where just giving information?

Posted: Wed Nov 25, 2009 08:55 am Post Subject:

I guess the question is at the top-

In general, why do underwriters have lenghty procedures to i


Underwriters would need to ascertain the risk that you pose to the carrier. Only after a careful consideration of certain factors e.g. your financial history, claims history they'd be able to determine the worth of coverage they might offer.

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