Insurance Application

An Insurance Application is a document used by an insurance company to gather information about a potential policyholder and assess their eligibility and risk profile for a particular type of insurance coverage. The application typically requires the applicant to provide detailed information about their personal or business background, property or assets, and any prior claims or losses, as well as to select the desired coverage options and limits. The insurance application is a critical part of the underwriting process and is used by the insurer to determine whether to accept the risk and at what price.