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

Exit Strategies of the Rich and Famous

Exit Strategies of the Rich and Famous

Estate conservation is too important to put off. Do you have a smart exit strategy?

What is an Adjuster?

What is an Adjuster?

Do you know what an Adjuster is?

Is Your Business Auto Up to Date?

Is Your Business Auto Up to Date?

A business owner needs to answer only one question when determining whether to have a commercial auto policy.