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.

Share |

Have A Question About This Topic?

Thank you! Oops!
 

Related Contents

Coaches

Coaches

Coaches have helped you your whole life, in ways big and small. We’d like to be one of them.

Is Cyber Liability Insurance Right for You?

Is Cyber Liability Insurance Right for You?

Have you heard of cyber liability insurance? Do you need it?

Long-Term-Care Protection Strategies

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.