Outrageously Funny Word Dictionary :: Underwriting

👉 Underwriting is a process in insurance where an insurer assesses and reimburses risk to policyholders who have provided financial backing for losses or damages incurred by their property. This can include both physical damage and liability claims, as well as other types of risks such as fraud, malpractice, or negligence. Underwriters may also consider other factors such as the type of insurance policy purchased, the policyholder's creditworthiness, and any known financial difficulties associated with the property being insured. Underwriting is

underwrote

👉 Underwriting is a process in insurance where an insurer determines the amount of money that must be paid to the policyholder if the insured dies before the policy period ends. This decision is made based on factors such as the value of the policy, the age of the policyholder at death, and any pre-existing conditions or medical history the policyholder may have. The underwriter then ensures that the amount paid to the policyholder does not exceed the maximum coverage limit for the policy period. Underwriting decisions

underwriting

👉 Underwriting is a process in insurance where an insurer assesses and assigns risk to potential customers based on their financial situation or creditworthiness. The amount of insurance coverage that an insurer will offer to its customers is determined by assessing the likelihood of loss, taking into account factors such as age, health status, income, and other relevant factors. This process helps insurers manage the risks associated with the products they sell, providing them with a financial buffer against potential losses.

underwrites

👉 Underwriting is a process by which insurance companies assess and pay out claims to customers based on their financial status. It involves identifying potential risks in a customer's financial statements, evaluating those risks, and making a decision about whether or not the customer will be covered under an insurance policy. In the context of insurance, underwriting refers to the act of assessing risk and determining if a particular claim is likely to be covered by the insurer. Underwriters often use statistical models, data analysis, and other methods

underwrite

👉 Underwriting of insurance is like putting your car on the road and having a mechanic check it out, just to make sure it's okay to drive. If it's not, the mechanic will charge you extra money for repairs because they have to inspect everything before they can get work done.

An unsettling example sentence using 'underwriting of insurance' might be: "My car was underwritten by my insurance company and now I'm paying more than twice what I thought it would cost me."