4insure |
| Posted: 16 Mar 2012 11:03 AM PDT The purpose of an insurance policy is to protect you against the risk of a given set of eventualities. For example when you take out an auto insurance policy you'll be looking to protect yourself against liability, collision damage, etc. So the risk for the insurance company is that if your car does get damaged [...] Post from: 4insure |
| Posted: 16 Mar 2012 11:02 AM PDT In simple terms, underwriting is the process by which an insurer decides to accept a risk and issue an insurance policy or to reject that risk and decline to offer coverage. It's an important task for insurers to manage their approach to risk carefully – if they take on too much risk for too little [...] Post from: 4insure |
| Underinsured Motorist Coverage Posted: 16 Mar 2012 11:00 AM PDT If you have a look at your auto insurance policy, you'll almost certainly find a clause relating to "under insured motorist" coverage. This is a kind of coverage that comes as standard in most auto insurance policies, because it comes at very nominal fee. The purpose of the underinsured motorist coverage is to ensure that [...] Post from: 4insure |
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