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

Did You Know This Fact About Emergency Preparedness?

Did You Know This Fact About Emergency Preparedness?

An emergency kit is essential for every household.

What is a Carrier?

What is a Carrier?

Do you know what a Carrier is?

Inventorying Your Possessions

Inventorying Your Possessions

Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.