insurance policy

Definition of "insurance policy"
  1. It's a document that outlines the contract between the insured and the insurance company, laying out the responsibilities and privileges of each party
How to use "insurance policy" in a sentence
  1. The homeowner was told to review the terms of the insurance policy in case of disaster.
  2. After purchasing her new car, she immediately took out an insurance policy to protect her investment.
  3. The company provided an insurance policy as part of the employee benefits.

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