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

Saving on Subscription Service Costs

Saving on Subscription Service Costs

There are ways to improve your physical fitness without denting your fiscal fitness.

When Does Your Personal Car Become a Commercial Vehicle?

When Does Your Personal Car Become a Commercial Vehicle?

At what point can you call a personal vehicle commercial?

The Real Cost of a Vacation Home

The Real Cost of a Vacation Home

What if instead of buying that vacation home, you invested the money?