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

Test Your Life Insurance Knowledge

Test Your Life Insurance Knowledge

How much do you know about one of the most important tools you have to help protect your and your family’s financial future?

The Value of Insuring Against Life’s Risks

The Value of Insuring Against Life’s Risks

Building wealth requires protection from the forces of wealth destruction.

Life Insurance Explained

Life Insurance Explained

Looking to learn about life insurance? This comprehensive article is a great place to start.