3 Underwriting Myths: Busted

By Joe Alberti Apr 26, 2018 10:00:00 AM



There are a lot of myths out there about insurance underwriters. Fortegra takes these common claims to task.

The role of insurance underwriters is pretty straightforward: they work with insurance companies to evaluate the risk of insuring a car, a home, a piece of furniture, a mobile phone, something, and advise if the insurer can afford to take on that risk. It’s incredibly beneficial for insurance companies to team up with an underwriting partner to help inform policies, but the common rap against underwriting is that it’s slow, inflexible, and a big hassle.

Is it all true? We take a look at these three common claims and how a partner like Fortegra can bust these myths.

Myth 1: Underwriters work too slow

They say slow and steady wins the race, but our team of experts work around the clock to make sure your policies are filed quickly and efficiently not only for you, but also for your clients. We evaluate the policy, ask key questions to gain a better understanding of your goals, and offer a complete action plan. Sounds like a winning strategy!

Myth 2: Underwriters aren’t flexible

While it’s easy for insurance underwriters to turn down a policy claim based on previous customer filings, a great underwriting partner should be willing to proactively reevaluate the situation with you to see how they can better meet clients’ needs. In addition, an underwriter like Fortegra offers custom policies tailored to your clients’ needs and lifestyles. Some may say there’s no flexibility in underwriting; we say that myth is busted.

Myth 3: Underwriters are a big ol’ hassle

Sure, it’s easy to feel working with an underwriter can be a hassle, but the reality is that the juice is worth the squeeze—if you’re interested in saving time and money in the long run. Plus, underwriters tend to be detail-oriented, helping you gain clarity while identifying positive opportunities for your clients to save even more.

While these claims may be true for some, at Fortegra our underwriters deliver comprehensive, customized policies for clients, busting myths so our partners can worry less and Experience More.

Let’s get started. Learn more about our underwriting capabilities today!

Categories: Specialty

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