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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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

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

From Barron's • Apr. 20, 2026

Any insurance policy would also have exclusions such as a rider cycling on the pavement.

From BBC • Apr. 13, 2026

He had to sell his life insurance policy for the money, and then he moved with his wife and children to Denmark to live with her family.

From "Vincent and Theo: The Van Gogh Brothers" by Deborah Heiligman