insurance policy

Definition

A contract of insurance, describing the term, coverage, premiums and deductibles. also called policy.

Use insurance policy in a sentence

You should try to get the best insurance policy you can so that you know you are fully covered where you need to be.

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In order to protect your property, you can contact an insurance carrier such as AAA in order to acquire an insurance policy which can protect you from such things as damage to your home.

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When the tornado took her home, Grandma thought she would get nothing because she had no major storms coverage, but a thorough review of her insurance policy meant that she could get her home rebuilt.

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