Collingwood Insurance Jargon Buster
Learning to drive and getting insurance can be a confusing time with so many new words and terms thrown at you at every turn. We have put together this helpful jargon buster to help you understand key terms relating to your policy.
Word
Meaning
Underwriting Criteria
Underwriting criteria is a set of standards and guidelines that determine risk exposure and help establish an insurance premium that needs to be charged to insure a person and a vehicle.