Underwriting 
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 What is Underwriting? Underwriting is the process used to determine the correct premium to be charged for a specific risk. For example: the Fire and Lightening risk attached to a thatched roof home would attract a higher premium than a standard construction brick and tile home. Safire’s products can be adapted to suit your specific requirements. It is important to establish your needs relative to your personal, commercial or agricultural profile. Discuss the most suitable insurance package with your intermediary and provide the underwriters with as much detail as possible to assist them in determining the correct premium for your level of risk. Your intermediary will guide you through the process of establishing values to ensure that you receive the correct settlement in the event of a claim. Hint: Use an inventory to establish the replacement value of all your household items. Most people are surprised at what this amounts to. Ensure that jewellery is revalued at least every two years, and keep the details available in the event of a claim. It is important to form a partnership with Safire Insurance to receive the full benefit of our cover and risk management expertise. |
