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

Estimating the Cost of College

This worksheet can help you estimate the costs of a four-year college program.

Side-by-Side: Insured vs. Uninsured

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

When Do You Need a Will?

When do you need a will? The answer is easy: Right Now.