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Viewing report
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Personal Lines Unlocked: The Key to Personal Lines
Summit Business Media, Feb 2009, Pages: 232
Personal lines underwriting is an art that developed over many years. From the time the first fire policy was written over 100 years ago to the twenty-first century, the nature of the risk needed to be assessed so that a proper rate could be charged. While this sounds straightforward enough, in many cases it is not.
Good underwriting is particularly critical in personal lines; an underwriter cannot grant discounts or apply surcharges based on the nature of the risk the way a commercial underwriter can. The rates that apply are the rates that are determined by the actuarial department, the underwriter can accept or reject the business, and that’s it. Therefore, close attention to the risk and its exposures are key to writing good personal lines business.
'Personal Lines Unlocked' is designed with the agent/producer or underwriter in mind. Unusual or difficult situations including alternative/green construction techniques, complicated endorsements, scheduled items, and additional equipment are discussed. The endorsement discussions include trusts, miscellaneous vehicles, farming, joint ownership, and more.
Some topics covered include:
- Home inventory form
- Home and auto checklists
- Vehicle accessories
- Racing restrictions
- Home components list
Product samples
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