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

What is a Loss?

What is a Loss?

Do you know what a Loss is?

What You Should Do About Insurance Following a Divorce

What You Should Do About Insurance Following a Divorce

In the face of divorce, making changes to insurance coverage may be overlooked.

Did You Know This Fact About Trampolines?

Did You Know This Fact About Trampolines?

Trampolines cause thousands of injuries per year.