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Underwriters ask several questions on insurance applications in order to determine if they should select a risk and at what price. Below are several questions

Underwriters ask several questions on insurance applications in order to determine if they should select a risk and at what price. Below are several questions asked by underwriters; your assignment is to tell me the SIGNIFICANCE OF EACH piece of information individually.image text in transcribed

Underwriters ask several questions on insurance applications in order to determine if they should select a risk and at what price. Below are several questions asked by underwriters, your assignment is to tell me the significance of each pieced of information. Auto Underwriting Age of the driver Sex of driver Driving records Marital status Type of car Where the car is driven How the car is used (personal vs business) and the miles driven Credit score Homeowners underwriting Value of house Construction of the house (Wood, brick veneer, stone) Age of house Age of roof, wiring and plumbing Primary vs secondary dwelling Location of ire department and fire hydrants Location of the house (Galveston vs Houston vs Oklahoma Crime level of area

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