Property & Casualty Underwriter Insurance Salary in Farmers Branch, Texas

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Average Salary for Property & Casualty Underwriter Insurance in Farmers Branch, Texas

The average salary of a(n) Property & Casualty Underwriter Insurance in Farmers Branch, Texas is $70,037.

The average hourly rate of a(n) Property & Casualty Underwriter Insurance in Farmers Branch, Texas is $33.67.

The average bonus of a(n) Property & Casualty Underwriter Insurance in Farmers Branch, Texas is $2,654.00.

Job Description:

Reviews individual applications for insurance on personal automobiles, homes, and boats to evaluate degree of risk involved and accepts applications, following company's underwriting policies. Examines such documents as application forms, inspection reports, and insurance maps to determine degree of risk from such factors as applicant's financial standing, age, occupation, accident experience, and value and condition of real property. Accepts or declines risk based on property's use, value, location, and safety features. Corresponds with field representatives and other insurance or inspection companies to obtain further information, quote rates, or explain company's underwriting policies. When risk is excessive, authorizes reinsurance, or when risk is substandard, limits company's obligation by decreasing value of policy, specifying applicable endorsements, or applying rating to ensure safe and profitable distribution of risks, using rate books, tables, code books, and other reference material. Less

Reviews individual applications for insurance on personal automobiles, homes, and boats to evaluate degree of risk involved and accepts applications, following company's underwriting policies. Examines such documents as application forms, inspection reports, and insurance maps to determine degree of risk... More

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