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

If You're In An Accident

If You're In An Accident

Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.

Little-Known Homeowners Insurance Facts

Little-Known Homeowners Insurance Facts

Many homeowners are unaware of how much their policy may cover. This article can help you maximize your homeowners insurance.

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.

//