Insurance

What is a Policy?

Policy

[pol-uh-see]

noun

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.

Share |

Have A Question About This Topic?

What is a Claim?

Do you know what a Claim is?

Applying for Life Insurance? Here's What to Expect

Applying for life insurance isn't exactly simple, but it shouldn't be scary either. We've outlined exactly what you can expect when pursuing a new policy.

The Business Cycle

Understanding the economy's cycles can help put current business conditions in better perspective.