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?

Related Content

Did You Know This Fact About Basement Flooding?

A simple precaution can help prevent basement flooding.

What is Risk?

Do you know what Risk is?

Did You Know This Fact About Freestanding Structures?

Separate structures on your property may have to be insured separately.