UNDERWRITING THE INSURED

WHY?

Loss Control

a. Fraud c. StupidITy clause b. Morale Hazard c. StupidITy clause

HOW?

Claims History

1. Claims History 2. Condition of property 3. CCAP/credit reports

claims history 1. How many 2. Type of losses

Condition of the Property

2. Housekeeping of the premises 1. Maintenance of the Buildings 2. Housekeeping of the premises

Credit Reports/CCAP

1. Foreclosure/Bankruptcy 2. Responsibility activity TYPE OF ACTIVITY 1. Foreclosure/Bankruptcy 2. Responsibility activity 3. Criminal activity

UNDERWRITING FROM THE APPLICATION

WHAT PURPOSE DOES THE APPLICATION PROVIDE

To provide necessary information about the risk

1. PROPERTY DETAILS a. Coverage desired b. physical characteristics c. prior loss information D. BINDING ACCEPTABILITY

3. ENDORSEMENTS SELECTED COVERAGE DESIRED 1. VALUES ACCEPTABLE 2. OUTBUILDINGS COVERED 3. ENDORSEMENTS SELECTED 4. INLAND MARINE DESIRED

4. WHERE IS THE PROPERTY LOCATED PHYSICAL CHARACTERISTICS 1. HOW OLD IS THE PROPERTY 2. UPDATES DONE TO THE PROpERTY 3. TYPE OF MECHANICALS 4. WHERE IS THE PROPERTY LOCATED 5. SPECIAL FEATURES

PRIOR LOSS INFORMATION 1. PRIOR DAMAGE TO PROPERTY 2. WHAT TYPE OF DAMAGE 3. WHEN DID DAMAGE OCCUR

1. do all the property details meet the companies binding guidelines? Binding acceptability 1. do all the property details meet the companies binding guidelines?

D. BINDING ACCEPTABILITY 2. INSURED INFORMATION A. LENGTH OF TIME AT PROPERTY B. PRIOR CLAIMS ACTIVITY C. LIFESTYLE D. BINDING ACCEPTABILITY

1. provides insight to property updates, maintenance and housekeeping Length of time at property

2. responsibility claims Prior claims activity 1. liability claims 2. responsibility claims 3. claims at prior residences

3. business exposures on property LIFESTYLE 1. type of pets 2. types of rec vehicles, WATERCRAFT, ETC 3. business exposures on property

Binding acceptability 1. does all the insured information provided meet the company guidelines?

QUESTIONS??

Thank you!