Underwriting 101

Financial Planning Meeting

Underwriting 101

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Underwriting is a word you may see if you’re looking at buying insurance. Here’s what it means and how you could use it to save yourself some money. Have you ever looked into applying for an insurance policy and wondered what the term “underwriting” actually means?

What is underwriting?

Underwriting is the process of assessing the risk people applying for insurance present, to determine the coverage they are eligible for and ensure their premium cost reflects their level of risk. In short, your risk level ultimately decides your premium.

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As always, if you have any questions or comments please contact Harry or David.