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?

Thank you! Oops!
 

Related Contents

Snapshots

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.

Protecting Your Home Against Flood Loss

Protecting Your Home Against Flood Loss

Protect yourself against the damage that your homeowners policy doesn’t cover.

Protecting Those Who Matter Most

Protecting Those Who Matter Most

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