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

Life Insurance for Young Adults

Life Insurance for Young Adults

Getting life insurance before 40 is more common than you think—and it can be a smart choice for many people.

Life Stages That Impact Your Life Insurance Needs

Life Stages That Impact Your Life Insurance Needs

Life is constantly changing, and so are your life insurance needs. Check out the 5 stages and how they change your take on Life.

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance

Not only can D&O insurance provide financial protection, but it can help improve an organization’s decision-making.