How do insurers usually assess the risk level of an applicant?

Insurers typically assess the risk level of an applicant primarily by analyzing their history and lifestyle choices. This comprehensive approach allows underwriters to consider various factors that can contribute to an applicant's risk profile.

For example, an applicant's medical history can reveal previous health issues, which may predict future claims. Lifestyle choices, such as smoking habits, physical activity, and occupation, are also crucial components that reflect the likelihood of risk associated with that individual. By integrating this information, insurers can make more informed decisions about coverage options and premium pricing.

This method of assessment is more holistic and reliable compared to evaluating solely a person's social media presence, conducting a phone interview, or checking credit scores alone. Each of those other approaches may provide some insight into an applicant's character or reliability but does not offer the same depth of understanding of their overall risk factors in the context of insurance.