From Longman Dictionary of Contemporary EnglishRelated topics: Insuranceinˈsurance ˌpolicy noun (plural insurance policies) [countable] a written agreement for insurance with an insurance companyExamples from the Corpusinsurance policy• A building society savings account may be held with a second...
That means their insurance policy won’t cover the full cost of rebuilding or repairing property. Greg Iacurci, CNBC, 2 Feb. 2025 If the cost of damages exceeds an insurance policy, FEMA can step in to cover the gap. Ella Nilsen, CNN, 16 Jan. 2025 Having a diversified approach to your...
policy 2 of 2noun pluralpolicies :a document that contains the agreement made by an insurance company with a person whose life or property is insured Legal Definition policy 1 of 2noun pol·i·cyˈpä-lə-sē pluralpolicies ...
policy 2 [pol-uh-see ] Phonetic (Standard)IPA noun pluralpolicies. a document embodying a contract of insurance. a method of gambling in which bets are made on numbers to be drawn by lottery. numbers pool ( def 2 ). Discover More ...
Insurance comes in several types based on the type of insurance policy which may be health insurance, property insurance, life insurance, vehicle insurance, and others. However, in all the insurance policies, the major core components include policy limit, age, and premium. Types of Insurance pol...
insurance(=car insurance that pays for damage whether it is caused by you or by someone else)The cost of comprehensive insurance is likely to drop.third-party insurance(=insurance that pays money to someone who is hurt or whose property is damaged by something you have done)You are legally ...
The meaning of POLICY is prudence or wisdom in the management of affairs. How to use policy in a sentence.
Transferable Insurance Policies (TIPS) arelife insurance policiesthat allow for the transferable assignment of the benefactor. In these cases, the owner sells the policy to an investor at a discount to the face value of the insurance. The purchaser, who becomes thebenefactorof the policy, will ...
Law report: Words in insurance policy should have been given plain and ordinary meaning 2 March 2001 Hayward v Norwich Union Insurance Ltd Court of Appeal (Lord Justice Peter Gibson, Lord Justice Mummery and Lord Justice Rix) 22 February 2001...
Catastrophe insurance covers natural and human-made disasters, while hazard insurance usually covers only "acts of God," such as tornadoes. The Bottom Line A homeowners insurance policy might be inadequate to cover certain natural and human-made events. Catastrophe insurance protects against natural di...