Jargon Explained

    1. A
    2. B
    3. C
    4. D
    5. E
    6. F
    7. G
    8. H
    9. I
    10. J
    11. K
    12. L
    13. M
    14. N
    15. O
    16. P
    17. Q
    18. R
    19. S
    20. T
    21. U
    22. V
    23. W
    24. X
    25. Y
    26. Z

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    Underwriter

    Definition

    A person who assesses the risk of an insurance proposal and works out the premium and terms for the insurance.

    Explanation

    Used when talking about how insurance companies assess risks and work out the detail of their insurance policies.

    Underwriters follow the underwriting guidelines of the insurance companies they work for. Part of their job is to make sure that an insurance company does not accept a risk that is outside the company's guidelines.

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    Under-insurance

    Definition

    When the sum insured is not enough to cover the maximum possible loss or damage.

    Explanation

    Used when talking about insurance claims.

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    Unattended

    Definition

    A vehicle, premises or personal belongings are unattended if there is no-one able to observe or to prevent interference with it.

    Explanation

    Used when talking about theft from or of vehicles, premises or personal belongings.

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