Underwriter

by Pawlicy Advisor
Dictionary
>
Pet Insurance Terms
>
Underwriter

What is an Underwriter?

An underwriter is a professional trained in risk evaluation and financial assessment. They facilitate the creation of contracts and policy terms implemented by insurance providers, loan officers, and similar financial industries. With respect to pet insurance, underwriters review applications and consider the risks involved with insuring the pet, or the likelihood of the company losing money paid out in insurance claims. They determine how much coverage the pet should receive from the insurance provider based on these figures, then writes the terms of the pet insurance policy.

How Underwriters Work

Anyone applying for pet insurance should carefully read through their policy terms and coverage details. After the application is accepted, it’s crucial that you take a close, second look at the insurance policy as terms and coverage may be slightly different based on what the underwriter and pet insurance provider determined.


Key Takeaways

  • An underwriter is a profession within the pet insurance industry who evaluates the risk of taking on new members.
  • An underwriter will look over applications and evaluate what kind of coverage the insurance company should provide the applicant based on their risk analysis.
  • Review your pet insurance policy both before your application and after to make sure your coverage details are the same and still meet your pet’s needs.

Continue Reading

Vacation Cancellation Costs
Vacation cancellation costs refer to any unrecoverable travel or accommodation expense incurred by canceling a vacation or ending it early. during your vacation or within a week of your vacation date.
Read More.
Waiting Period
A waiting period is the time you need to wait after enrolling and being approved for a pet insurance policy for your coverage to begin.
Read More.
Wellness Plan
Pet insurance wellness plans reimburse you for some of the costs of regular veterinary care, such as physical exams and dental cleanings.
Read More.

See related articles

This pet insurance comparison guide will help you understand the types of pet insurance available, find out what each plan covers, discover top providers, and find the best coverage and price options across the web.

17 minute read

How To Compare Pet Insurance Plans

Pet insurance can help you pay for the cost of veterinary care if your pet becomes sick or injured. Learn more about how pet insurance works and what it covers here.

18 minute read

How Pet Insurance Works: Your Essential Guide

Wondering if pet insurance is worth it for your dog or cat? We cover EVERYTHING pet parents should consider when making the decision to enroll in coverage.

16 minute read

Is Pet Insurance Worth It? Here's A Vet's Perspective

If your pet has a pre-existing condition, don’t panic just yet. You can still get pet insurance coverage, and you likely have other options to save on your vet bills, too.

7 minute read

Is There Pet Insurance That Covers Pre-Existing Conditions?

Girl holding dog

Compare Top Pet Insurance Companies

A family with pets that are insured by Pawlicy Advisor
Pawlicy Advisor is the leading independent marketplace for finding the best coverage for your pet at the lowest rate.
Join 2,438,795+ insured dogs and cats across the US.
Get a Quote
Our pet insurance partners
ASPCA Pet Health Insurance Logo
Pets Best Pet Insurance Logo
Embrace Pet Insurance Logo
Pumpkin Pet Insurance Logo
MetLife Pet Insurance Logo
Prudent Pet Insurance Logo