Policy

January 30, 2026 by AC Editor

Categories: general

The written contract describing coverage, conditions, limits, and exclusions.

Related Articles:

Glossary: Claim
Demand for policy benefits.
Glossary: Insured
Person or entity protected by the policy.
Glossary: Policyholder
Owner of the insurance policy.
Glossary: Binder
Temporary evidence of insurance.
Glossary: Condition
Policy requirement that affects coverage.
Glossary: Endorsement
Form that modifies the policy.
Glossary: Limit
Maximum payable under coverage.
Glossary: Renewal
Continuation for a new term.
Glossary: Extended reporting period (ERP) [ERP]
Reporting extension for claims-made policies.
Glossary: Indemnity
Compensation for loss.

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