When submitting an insurance application, the applicant usually makes the ________.

In the context of insurance applications, the applicant typically makes an offer when submitting their application. This is a crucial step in the insurance process, as the application itself serves as the proposal from the applicant to the insurance company, indicating their desire to obtain coverage under the terms outlined in the application.

Making an offer involves the applicant providing necessary personal information, coverage details, and other relevant data that the insurer will evaluate. Once the insurance company reviews the application, it has the option to accept, reject, or modify the terms of the offer, ultimately leading to the formation of a contract if both parties agree.

Understanding this process is essential for agents and applicants alike, as it highlights the nature of the communication between the applicant and the insurer. The act of submitting an application signifies the applicant's serious intent to purchase coverage, which sets the foundation for the ensuing relationship between the applicant and the insurer.