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

Creative Ways to Motivate Your Employees

Creative Ways to Motivate Your Employees

Five creative (and inexpensive) ideas for motivating your employees.

When Do You Need a Will?

When Do You Need a Will?

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

When is Full Coverage Auto Insurance a Must-Have?

When is Full Coverage Auto Insurance a Must-Have?

Do you need full coverage? Here's a bird's-eye view of this important question.