medical | Insurance Software development

What kind of MEDICAL STATEMENT is required in Auto insurance?

Author - Webner
5:59 am
| |


When anybody wants to purchase any health-related policy from an insurance company, the insurance company needs to know how healthy the person is at the time he/she signs the policy. The insurance companies figure this out through a process called underwriting, during which the customer has to take a medical exam and submit a medical statement about the current health and medical history.

The higher risk pose, the higher the premiums are being compared to a healthier person receiving the same amount of coverage. In some cases, the health may indicate too high of risk […]

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