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Underwriting begins when you first speak with an insurance agent. An experienced agent will ask you questions to help you decide what insurance coverage you need and can afford. I remember when underwriting would take 3-4 weeks to complete but now with new technology, I as the agent am able to access your driving record, claims report, CLUE Report (Shows possible other drivers that may be driving your vehicles and/or living in your home), and credit reports immediately or in a matter of seconds. If you are truthful with the agent up front they can help determine which insurance company will give you the best pricing and coverage with your situation.
What else can I help you with?
What is the merchant bank?
a bank that deals with international finance ,long term loans to companies ,underwriting
What is In house underwriting when dealing with home mortgages?
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
If you have a lot of recent credit enquiries on your report how long does it take for your credit score to improve?
Credit inquires are factored into the score for 12 months for the purposes of lending and for 24 months for purposes of insurance quotes and underwriting.
Underwriting requirements for public liability insurance?
underwriting requirements of general public insurance covers
When was Professional Liability Underwriting Society created?
Professional Liability Underwriting Society was created in 1986.
In what country is the JUA Underwriting Agency based?
The JUA Underwriting Agency is based out of Australia. JUA is the preferred insurance underwriting agency for many brokers in Australia. JUA has an office in Sydney and one in Melbourne.
What banking activities were prohibited to commercial banks by the glass steagall act in 1993?
Underwriting stocks :) plato pals :)
What is the significance of Underwriting profits?
Underwriting profit is the profit after these two things are deducted. The first would be any losses incurred from claims. The second would be the companies administrative expenses. Any premium left after those two deductions is underwriting profit.
Why is Underwriting important?
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What are the advantages of a decentralized underwriting department?
None
What is the meaning of underwriting?
of Underwrite, The business of an underwriter,
Can you go through underwriting with two lenders simultaneously?
No, typically you cannot go through underwriting with two lenders simultaneously. This is because the underwriting process involves a thorough review of your financial information and credit history, and it is generally considered unethical to apply for multiple loans at the same time. It is best to choose one lender and work with them through the underwriting process.
