Difference between Insure and Underwrite

What is the difference between Insure and Underwrite?

Insure as a verb is to provide for compensation if some specified risk occurs. often agreed by policy (contract) to offer financial compensation in case of an accident, theft or other undesirable event. while Underwrite as a verb is to write (something) below something else.

Insure

Part of speech: verb

Definition: To provide for compensation if some specified risk occurs. Often agreed by policy (contract) to offer financial compensation in case of an accident, theft or other undesirable event. To deal in such contracts; subscribe to a policy of insurance To make sure or certain of; guarantee. To give confidence in the trustworthiness of.

Underwrite

Part of speech: verb

Definition: To write (something) below something else.To subscribe (a document, policy etc.) with one's name.To sign; to put one's name to.Specifically, to assume financial responsibility for something, and guarantee it against failure.To act as an underwriter.To support, lend support to, guarantee the basis of.

We hope you now know whether to use Insure or Underwrite in your sentence.

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