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

Noun Inflected Forms

• insurance policies
  plural

Example Sentences

See Examples For:

insurance policy

Fed chairs have long dealt with this by explaining what a move is for—a recalibration, an insurance policy, a risk-management adjustment—without necessarily promising what comes next.

From The Wall Street Journal ● Sep. 11, 2026

“He thought, ‘Oh, man, I got an insurance policy.

From Los Angeles Times ● Sep. 2, 2026

After eight days in hospital, Greta was transported back to the UK for treatment with Williams in an air ambulance which their £106 travel insurance policy covered.

From BBC ● Aug. 29, 2026

Now, as global trade norms dissolve and the U.S. threatens to annex neighboring Greenland, for some here, joining the EU looks like a smart geopolitical insurance policy.

From The Wall Street Journal ● Aug. 28, 2026

Paulson raised several billion dollars from investors who regarded his fund as an insurance policy on their portfolios of real estate–related stocks and bonds.

From "The Big Short" by Michael Lewis