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Insurance Underwriters

Insurance underwriters are the committee that is responsible behind all insurance companies to decide if a claim will be approved or not. The underwriter regulates behind the insurance company and determines and assesses all aspects, factors and features of a company's policy.

In a car insurance circumstance, the underwriters will assess the situation in which a claim has been sent. They will evaluate and judge the quality of damage, the fault and investigate anything suspicious. Police can sometimes be called to help them. However, it is up to the car insurance company and not the underwriter to contact the customer about organising the repairs, payments and adjustments.

Most of the car insurance firms in Australia are underwritten by the same company. These underwriters have huge capitals in the finance industry, being around for many years. For example, Bingle is underwritten by AAMI, which is underwritten by Suncorp Metway.

With this in mind, it may be wise to find out who the underwriters of the insurance provider you are with. You may be surprised and get the confidence to acquire a better quote.

However there are some insurance companies that are capable to do their own underwritings, such as Allianz and Youi.




More Insurance Companies

Searching for a good insurance company to join? Consider the following companies as they are currently offering exclusive offers!

Budget Direct Insurance ($50 Offer)
Budget Direct is a cheap and simple insurance company to sign up for if your risk of getting damaged is low. Always remember the universal rule that what you pay for is what you ...

GIO Insurance (10% Off)
GIO Insurance has their ups and downs. It seems that before they send your claims for your damages, they will undergo many investigations to justify that it was out of your control to ...





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Bean
Posted 1114 days ago
You coludn't pay me to ignore these posts!
rfstrih
Posted 2096 days ago
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Jetson
Posted 2099 days ago
I'm not quite sure how to say this; you made it exrtmleey easy for me!