SHORT-TERM INSURERS, LONG TERM PARTNERS
YOUR BLUE CHIP INSURER, SINCE 1987
UNDERWRITING
What is Underwriting?
Underwriting is the process used to determine the premium to be charged for a specific risk. Different risks attract different premiums based on their structure and their location. For example: the Fire and Lightning risk attached to a thatched roof home would attract a higher premium than for 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. Safire is not a direct insurance company, we believe everyone’s circumstances are unique and it is the important role of the broker to assist with determining the type of cover according to each client’s individual needs.
Discuss the most suitable insurance package with your broker and provide the underwriters with as much detail as possible to assist them in determining the correct premium for your level of risk. Your broker will guide you through the process of establishing values to ensure that you receive the correct settlement in the event of a claim.
Important: 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.
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As part of Safire's commitment to service excellence, we need to know if any of our clients feel that they have suffered less than perfect treatment. If you have been delighted with our fast and efficient service, please click the link below and fill out the form.
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MAKES NO SENSE?
Does all the terminology used by insurance companies confuse you? If it does, please take a look at our Insurance Terminology section to clear up some common misunderstandings about some words used by us.
