This report provides information regarding hazardous occupations or leisure activities of a life insurance applicant. Examples would be alcohol consumption and smoking. It can also include financial information regarding the person applying for life insurance. Examples would include income, net worth, type of occupation and confirming where the person is employed.
This report can be done by a telephone interview of the person applying for life insurance. The report is conducted by someone from the underwriting department of the insurance company. Be aware that any information obtained is confidential and is used solely for the purpose of underwriting the life insurance policy.
An inspection report can also list potential hazards at a business location and help to determine the values of structures.
If the inspection is for commercial insurance then the recommendations within the report must be completed within a specified time period. An example is railings on a staircase or bars in a window for a retail shop.
Inspection Report