Insurance

What is a Policy?

Policy

[pol-uh-see]

noun

1.

A Policy is the contract between the insurer and the insured (the policyholder), detailing the rights and responsibilities of both parties. The Policy outlines pertinent information about covered Risks, Premiums, Deductibles involved, as well as other relevant details.

Have A Question About This Topic?

Thank you! Oops!

Related Content

A Lawsuit That Doesn't Come From a Customer

A Lawsuit That Doesn't Come From a Customer

Employee lawsuits are some of the most expensive claims a business can face. Here's the coverage built for that.

Life Insurance Needs in Your 60s and 70s

Life Insurance Needs in Your 60s and 70s

Life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.

Should You Sell Your Life Insurance Policy?

Should You Sell Your Life Insurance Policy?

Here’s what you need to know if you’re considering selling your life insurance policy.

//