insurance policy

American  

[in-shoor-uhns pahl-uh-see, in-shur-uhns] / ɪnˈʃʊər əns ˌpɑl ə si, ɪnˈʃɜr əns /

noun

insurance policies plural

1. a contract with an insurer, specifying the types of losses or expenses to be covered and the conditions that apply.

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Other Word Forms

Inflected Forms

noun

• insurance policies
  plural

Example Sentences

Finally, think of the 10% in your money market fund as an insurance policy in the unlikely event that the S&P 500 stays down for more than a year.

From The Wall Street Journal • May 21, 2026

Stafford joined workouts before the season and remained healthy throughout, but Garoppolo was perhaps the most valuable insurance policy in the NFL.

From Los Angeles Times • Apr. 21, 2026

He thinks there should be "a group insurance policy" available for small animals like his.

From BBC • Apr. 21, 2026

"The cost of the satellite is expected to be recovered under the company's insurance policy," it said.

From Barron's • Apr. 20, 2026

Your grandfather bought the most expensive insurance policy.

From "Extremely Loud and Incredibly Close" by Jonathan Safran Foer