Risk, simply stated, is the probability that an event could occur that causes a loss. For an insurance company, risk will determine whether or not they may have to pay a claim. The amount of perceived risk being underwritten by an insurer will be used by you, the underwriter, to decide whether or not an insurance […]
Month: May 2022
The All-Important Residential Insurance Inspection
An insurance inspection of a residential property is something that, although not required of all properties prior to issuance of a homeowners’ insurance policy, is required of many. Some of the reasons for you, as an insurance company underwriter, to order a home insurance inspection include: The property being considered is an older home The insurance […]