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

Acres of Diamonds

Acres of Diamonds

In life it often happens that the answers to our most pressing questions are right in our own backyards.

Life Insurance Needs in Your 60s and 70s

Life Insurance Needs in Your 60s and 70s

Life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.

4 Benefits of Life Insurance for the Here and Now

4 Benefits of Life Insurance for the Here and Now

Find out four ways your Life policy can help you in the here and now.