Market & Policy · Insurance Term
Underwriting (Underwriter)
Definition
Underwriting is how an insurer decides whether to insure a risk, on what terms, and at what price. An underwriter reviews your property's details, history and protections, then sets coverage terms, deductibles and premium, or declines.
In Plain English
For property, underwriters look at COPE factors: construction, occupancy, protection and exposure. They also review claim history from your loss runs, roof age, wiring and plumbing updates, and the area's weather risk.
Underwriters may order a loss control inspection and ask for repairs as a condition of coverage. Some apply schedule rating credits or debits based on how well the property is managed.
A complete submission helps the underwriter see your property's strengths.
Not sure how your policy handles this? Have us review it, or get a quote.
Example
Hypothetical: two similar strip centers apply for coverage. One has a 5-year-old roof and sprinklers, the other a 20-year-old roof and no sprinklers. The underwriter may offer the first better terms and ask the second for a roof inspection.
What to Watch For
- Share improvements with dates and documents.
- Respond to inspection recommendations on time.
- Explain past claims and what was fixed to prevent repeats.
Last updated October 14, 2026 · Primesure editorial team · How We Write