Insurance policy


 

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Insurance policy

The document which specifies the details and conditions of cover of an insurance contract together with the premium payable.

Insurance policy

A contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy.



Insurance policy

Similar Matches

Insurance excess

Insurance excess

Applies to an insurance claim and is simply the first part of any claim that must be covered by yourself. This can range from £50 to £1000 or higher. Increasing your excess can significantly reduce your premium. On the other hand, a waiver can sometimes be paid to eliminate any excess at all. Always check the excess in your policy.


Health insurance

Health insurance

Generic term for insurance covering costs incurred due to illness, injury and disability.


Deposit insurance

Deposit insurance

In the US, financial protection of certain bank and credit union accounts by way of insurance provided by a federal agency. Bank insurance up to specified limits is provided for funds on deposit in member banks by the Federal Deposit Insurance Corporation. Credit unions which are federally chartered are insured by the National Credit Union Administration.


Second to die insurance

Second to die insurance

Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes.


Mortgage life insurance

Mortgage life insurance

A life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured.


Further Suggestions

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participating life insurance
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umbrella personal liability insurance
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