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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
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
Neither is skipping over the backup the Giants adjudged as a solid insurance policy if that happened.
—Pat Leonard, New York Daily News, 18 Nov. 2024
Transnational ties among the axis have served as a crucial insurance policy during periods of shock.
—Renad Mansour, Foreign Affairs, 13 Nov. 2024
These include lines of credit, cashing out an insurance policy, or pulling money from a 401(k) or other retirement plan.
—Russ Wiles, The Arizona Republic, 3 Nov. 2024
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“Insurance policy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/insurance%20policy. Accessed 21 Dec. 2024.
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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