During the underwriting process, it is common to check some factors about the person or property being insured. Such factors can be related to either the insured or the subject of insurance or to both .
For life insurance, such factors could relate to age,medical condition, life-style, etc...For an automobile, it could include the physical condition of the vehicle, its market value,its ownership and use.
For a residence, such factors could include natural hazards like flood and earthquake. Besides, replacement cost and location are also amoung the factors to be considered.
For commercial properties, the factors to be considered include replacement cost,use of the property, value of raw materials and finished goods on site.As many such factors are complex and require some degree of special skills to assess, many products and services regarding the assessment are employed by using professionals with rich experience.