- Personal accident insurance and sickness insurance. In assessing the risk, the underwriter needs to understand the physical condition of the person and their lifestyle. The main rating factor for is the occupation of the proposer. It is usual for insurers to group occupations into four main classes, applying premiums according to the level of accident/health risk involved.
- Other factors which are taken into account include;-
- age,
- weight/height,
- leisure activities,
- extent of air travel
- accident history
- Generally an additional premium is charged for sickness cover, calculated as a percentage of the personal accident premium
Home Personal Lines Personal accident What insurers look for in determining the cost of your Personal Accident...
