Risk Factors

Underwriting

Underwriting is defined as: The process insurance companies use to evaluate risk and determine whether to provide coverage and at what price.

Underwriting involves assessing property risks, reviewing applications, and determining coverage eligibility and pricing. It's how insurers decide whether to offer coverage.

Related Terms

Risk Assessment

The evaluation of potential risks and hazards that could affect a property or cause insurance claims.

Premium

The amount you pay for your insurance policy, typically paid monthly, quarterly, or annually.

Need Help with Your Insurance?

Our network of specialists can help you understand your coverage options and find the right protection for your high-risk property.