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Insurance Policy
(redirected from Insurance policies)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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Although, insurance policies are a bit expensive these days, it is still important to have an insurance policy for traveling.
To help prevent large expenditures for companion animals and reduce worry, pet owners are taking out insurance policies that cover routine care, accidents, and major illnesses.
One thing that you should know before starting is that no two home owner insurance policies are the same.
 
 
 
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