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?

Related Content

When is the Right Time to Buy Life Insurance?

It's never too early to start thinking about life insurance. Waiting until you're older or in poor health is never a good idea.

Did You Know This Fact About Smoke Detectors?

Do you know how often to change the batteries on your smoke detectors?

Caring for Aging Parents

As our nation ages, many Americans are turning their attention to caring for aging parents.