What is the process of underwriting
The practice of evaluating the level of risk exposed to a potential insurer is known as underwriting. A professional underwriter will analyse the criteria on your application to determine whether or not they can provide you a policy and, if so, how much coverage you are entitled to. We then set your monthly premium based on your information. Underwriting also helps the insurance company calculate the potential cost of insuring you. For example, if you are a young, healthy person with a low-risk lifestyle, coverage may be cheaper. On the other hand, if you are older or have a risky hobby, your
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