Underwriting
Insurance Glossary
The process an insurer uses to decide whether to accept a risk, on what terms, and at what price. It draws on information such as claims history, the driving record or the condition of the property, the age and construction of the home or vehicle, and other factors permitted in that state. An application can be accepted, accepted with conditions or endorsements, or declined, and the same applicant can be underwritten differently by different insurers.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.