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Insurance Policy |
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Insurance policy A contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. Insurance Policy The contents of an insurance contract. The policy describes the specific types of coverage (life, health, etc.), the restrictions that apply, and the applicable deductibles and premiums. Only the insurer makes legally enforceable promises in an insurance policy: the insurance company cannot legally compel the insured person to pay his/her premiums, but the insured person can sue to compel the insurer to provide coverage if it does not do so. All insurance policies, however, include a provision allowing the insurer to refuse coverage if the insured person does not pay the premiums. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Car insurance policies can be purchased in two basic ways- direct company purchase or through agents These ways of purchasing car insurance policies give policy holders and policy shoppers the opportunity to choose the way they are purchasing their car insurance policy Term life insurance is usually preferred to other insurance policies as the money involved in buying such an insurance plan is very less. There are a various types of life insurance policies available these days. |
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