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Unpacking the Underwriting Process: How Underwriters Evaluate Fire Risk for Properties

October 3, 2023 Guest Author

Property insurance underwriters play a critical role in the insurance industry by assessing and managing the risks associated with insuring properties against various perils, including fire. To provide property owners with appropriate coverage and premiums, underwriters employ a thorough process that analyzes numerous factors contributing to fire risk. In this article, we’ll delve into the complex task of how underwriters assess fire risk for properties. Location Analysis The location of a property is a fundamental factor in determining its fire risk. Underwriters examine the geographic area in which the property…

Auto Insurance State Minimums – Why You Should Carry More Coverage

March 31, 2013April 14, 2014 Guest Author

Car insurance can be one of the most frustrating bills a person pays every month (or six) but it truly is one of the most important. At its core, insurance is designed to insulate an individual, family or business from possible financial hardship due to a loss. However, too often people are driving around with the absolute bare minimum insurance, not realizing that their entire world could get flipped upside down with just a relatively minor accident. Insurance Minimums Explained Insurance is governed at the state level, so each of…

Car Insurance 101: Do You Know How You’re Covered?

March 10, 2013April 14, 2014 Guest Author

Think You’re Paying Alot for Car Insurance? Check Out Other States and See

Every car nationwide is required to have at least the state’s required minimum liability insurance. If a vehicle is financed through any lender, they will likely require the owner to hold a certain amount of comprehensive and collision coverage on top of the state mandated liability insurance. It is important that drivers in all states know what type of coverage they need on their vehicles and what kind of discounts they are eligible for to keep rates low. Any driver who is educated on the different discounts on their car…

Aetna report shows that consumers are confused about insurance terms

December 2, 2011December 2, 2011 Marc

Aetna Inc. has released the results of a new consumer survey as open enrollment for employer-offered insurance plans comes to a close. The results of the survey show that more than half of insured adults in the U.S. find the terms of their insurance policies confusing. This presents a major problem for both insurers and consumers as these adults general tend to accept any terms they are given as they believe that any insurance coverage, even if it is not appropriate to their needs, is better than no coverage at…