Insurance

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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Assess Life Insurance Needs

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.

4 Tips to Avoid an Insurance Claim This Winter

4 Tips to Avoid an Insurance Claim This Winter

As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.

What Happens If Someone Gets Hurt at Your Home?

What Happens If Someone Gets Hurt at Your Home?

At-home injuries can be a major liability problem. Learn how Personal Liability protects you from trouble.