November 21: Check out our newly updated calculator to compare insurance quotes between many insurance companies in Australia! Did you know that Bingle Car Insurance review is currently the most reviewed Car Insurance company on Insurance Fort?

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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!

NAB Insurance (10% Discount)
NAB is a reliable and trustworthy insurance company that has a good reputation in Australia. Many discounts and bonuses can be offered to customers in ways such as buying policies ...

Virgin Insurance (Free $50 Offer)
Virgin Insurance is a small insurance company that does not include a lot of things. Make sure you go through the Terms and Conditions, Policies and fine prints before signing up. Take ...

QBE Insurance (10% Discount)
QBE is a well known insurance company for offering cheap and competitive quotes for all their insurance premiums and policies. It is a reasonable company that insures most assets ...





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Bean
Posted 1173 days ago
You coludn't pay me to ignore these posts!
rfstrih
Posted 2155 days ago
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Jetson
Posted 2158 days ago
I'm not quite sure how to say this; you made it exrtmleey easy for me!