An insurance underwriter is a financial professional that evaluates the risks of insuring a particular person or asset and uses that information to set premium pricing for insurance policies. Underwriters use computer programs and actuarial data to determine the likelihood and magnitude of a payout over the life of the policy. Higher-risk individuals and assets will have to pay more in premiums to receive the same level of protection as compared to a lower-risk person or asset.
Fact: Home insurance premium is low compared to your property cost. Depending on the coverage, premiums range from $50 to $350 per $100,000. Insurers often bundle a variety of…
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Fact: If you have an outstanding mortgage loan with HDB or any financial institution, you are required to buy fire insurance. However, the cover is very basic as the…
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Fact: The purchase price of your property includes land costs and seller’s profit. Your policy only covers replacement cost, i.e. the cost to rebuild your home. You should engage a…
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Fact: The kind of coverage you get depends on your insurer and policy. There are normally two types of coverage – Insured Perils and All Risks. Regular insured perils are:
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A No-Claim Discount (‘NCD’) is an entitlement given to you if no claim has been made und ...
If you have an outstanding mortgage loan with HDB or any financial institution, you are required to ...
If you feel you have been treated unfairly by your insurer, you should lodge a complaint directly wi ...
