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.

Share |

Have A Question About This Topic?

Related Content

If a Pipe Breaks

Learn what to do when a pipe bursts with this helpful video flooded with smart tips.

Side-by-Side: Insured vs. Uninsured

Here's what happens if your small business has an accident and you're not insured.

Long-Term-Care Protection Strategies

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