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.

Share |

Have A Question About This Topic?

Related Contents

If a Pipe Breaks

Learn what to do when a pipe bursts with this helpful video flooded with smart tips.

Inventorying Your Possessions

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

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.