What is Underwriting?

Underwriting

[uhn-der-rahyt-ing]

noun

1.

Underwriting is the process by which insurance companies evaluate the Risk of a car, home, or other property or individual to be insured. This process takes place when you submit your application, and is done by an Underwriter from an insurance company.

Share |

Have A Question About This Topic?

Related Contents

Combine Your Policies and Save

Some things just make perfect sense in pairs.

What is a Loss?

Do you know what a Loss is?

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.