Underwriting
The process an insurance company uses to evaluate the risk of insuring you and to set your premium. Underwriters review factors like your age, health history, driving record, or property condition. The goal is to price the policy so it accurately reflects the likelihood of a claim.
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Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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