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insurance policy

 

Definitions from WordNet

Noun insurance policy has 1 sense
  1. policy, insurance policy, insurance - written contract or certificate of insurance; "you should have read the small print on your policy"
    --1 is a kind of contract
    --1 has particulars: floater, floating policy

Definitions from the Web

Insurance Policy - Definition, Examples, and Types

Definition:

An insurance policy is a legally binding contract between an insurer (insurance company) and an individual or entity (policyholder) that provides financial protection against specified risks in exchange for payment of premiums.

Examples:

1. Noun - General Usage:

She purchased an insurance policy to protect her car from any damages.

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2. Noun - Life Insurance:

His parents had taken out a life insurance policy to secure his future after their demise.

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3. Noun - Health Insurance:

The employee's health insurance policy covered most of his medical expenses during his hospital stay.

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4. Noun - Home Insurance:

The insurance policy for their house provided coverage for damages caused by fire or theft.

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5. Noun - Travel Insurance:

Before embarking on their trip, they made sure to purchase a travel insurance policy to protect themselves against any unforeseen circumstances.

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6. Noun - Property Insurance:

The real estate owner had an insurance policy that covered damages to his properties caused by natural disasters.

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7. Noun - Liability Insurance:

The business owner obtained a liability insurance policy to protect against potential lawsuits filed by customers for any injuries sustained on the premises.

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8. Noun - Car Insurance:

John compared different car insurance policies before selecting the most suitable one for his new vehicle.

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9. Noun - Marine Insurance:

The shipping company purchased a comprehensive marine insurance policy to cover any losses or damages during the transportation of their goods.

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10. Noun - Business Insurance:

The small business owner obtained a business insurance policy to protect the company from any potential losses due to accidents, theft, or lawsuits.

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11. Adjective - Insured:

Only insured individuals will be eligible to make claims under the insurance policy.

12. Verb - Insuring:

She is insuring her new jewelry under the existing insurance policy.

Note: The above examples highlight some common uses of the term "insurance policy." There are various other types of insurance policies and contexts where the term can be applied.

insurance insurance agent insurance broker insurance claim insurance company insurance coverage insurance firm insurance in transit insurance policy insurance premium insurance quote insurance s insurance underwriter insurancebureau insurancec insurancecompanies insurancehome

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