In general, why do underwriters have lenghty procedures to i

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Posted: Tue Nov 24, 2009 6:10 am Post subject: In general, why do underwriters have lenghty procedures to i

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 .

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Posted: Tue Nov 24, 2009 1:15 pm Post subject:

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Posted: Wed Nov 25, 2009 8:55 am Post subject:

I guess the question is at the top-

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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.

steven

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