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This is a good question but different insurance companies use their own rating systems to classify the risks they insure. I know of one company that uses 88 different classification codes for auto insurance. Certain I can give you a few which are: age, sex, marital status, moving violations (3yrs.), zip code where you reside, type of education, type of job, number of years licensed, prior claims (3yrs.), insurance credit score, years in residence, own or rent, and many many more. Not all companies use all these factors and other companies use more than these.
What else can I help you with?
Tell you about risks associated with future generali insurance?
please answer me risks associated with future generali insurance
Why are risks so important to the insurance business?
Risks are so important to the insurance business because without them noone would bother taking out cover.
Why do people take out insurance?
reduce the risks in the future To transfer some or most of the risks to another entity!
What is the meaning of builders insurance?
The meaning of builders insurance is property insurance which protects the person against damages to a property, while that property is still under construction. There are many risks when a building is under construction and the builders insurance protects the person from those risks.
What are the risks of not having insurance on home contents?
There are many risks associated with not having insurance on home contents. This includes losing the value of your contents if there was an accident, such as a fire, or due to burglary.
Losses or risks that an insurance policy will not cover are called?
deductibles
What is the only insurance available for flood risks?
Federal Government
What are some of the risks of buying insurance stocks?
There are several risks involving buying insurance stocks. As example you can lose your initial investment or a part of your investment. Another risk is that you can get addicted to winning.
What are the risks associated with commercial insurance companies?
The risks with commercial insurance companies are that because they are so big, they aren't the best about taking care of their customers one on one. You may get overlooked.
What are risks covered by business insurance?
Business insurance policies can be custom tailored too your needs. I would suggest speaking with an insurance agent.
What does the term actuaries actually mean?
The term actuaries refers to a person who calculates the insurance risks and and premiums. They have to judge the risks regarding life insurance to work out the premiums they should give to that person or company.
What type of insurance coverage is recommended for vending machines to protect against potential risks and liabilities?
For vending machines, it is recommended to have commercial general liability insurance to protect against potential risks and liabilities.
