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insurance policy
noun
: a document that contains the agreement that an insurance company and a person have made
Examples of insurance policy in a Sentence
Recent Examples on the Web
The United States and its partners must dissuade the new Syrian government from holding on to the former regime’s chemical weapons as an insurance policy or to compensate for its depleted military capabilities.
—Gregory D. Koblentz, Foreign Affairs, 19 Dec. 2024
There’s also a complimentary insurance policy on every shipment, up to $500 for loss or damage.
—Bailey Berg, AFAR Media, 17 Dec. 2024
The new all-time high daily mantra in all assets classes is just another reason to consider booking profits and spending some money on an insurance policy.
—Jeff Kilburg, CNBC, 6 Dec. 2024
Every shipment, every transaction, every license, every insurance policy, every fee—thousands of variables—had to be accounted for, across all conceivable scenarios, until the sale was complete, the money collected and transacted, and everyone repaid.
—Josh Condon, Robb Report, 8 Dec. 2024
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“Insurance policy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/insurance%20policy. Accessed 11 Jan. 2025.
Legal Definition
insurance policy
noun
: a writing whereby a contract of insurance is made in which the rights and duties of the insurer and the insured are set out
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