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

A prenup is an insurance policy that protects both parties when circumstances change.

From The Wall Street Journal • Jun. 19, 2026

The investment case for holding bitcoin with the hope of broader sovereign adoption, or as an insurance policy against some extreme outcome, remains intact, Hackett said.

From MarketWatch • Jun. 4, 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

It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term.

From "The Big Short" by Michael Lewis