Casestudy.docx - Surname 1 Name Instructor Course Date An...

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Surname 1 Name: Instructor: Course: Date: An Analysis of the Automobile Portion of the Risk Underwriting automobile risks is a process that takes place in various stages ( Crouhy et el 2000). Firstly, one needs to review the insurance application, learn about the applicant, and identify the lessors of leased vehicles if there is any. One also needs to establish the relationship with brokers if they are available. Other information that one needs to understand in the automobile insurance process includes the use of the vehicle, type or class of the car, as well as after-market modifications and repairs. One also needs to identify the type of ownership, maintenance plans, as well as the age and experience of the driver. Considering the process listed above, several details can be obtained from the case of Country Hardware and Lumber in regards to underwriting the automobile insurance. As it is indicated, Country Hardware and Lumber own two vehicles that are registered to the business. The vehicles are a 2011 Ford Econoline that the company uses service calls and small deliveries. Other than the 2011 Ford Econoline, the Country Hardware and Lumber also own a 2008 Freightliner M2 truck that the company uses in lumber delivery. The truck is operated by a delivery driver who is employed by the firm. Valuable
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