insurance policy

American  

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

noun

plural

insurance policies

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

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

The cost is expected to be covered under its insurance policy and the company said it expects an orbital launch every month or two this year.

From The Wall Street Journal • Apr. 19, 2026

He planned to wait until it arrived to add it to his insurance policy — but the car disappeared in transit, stolen by the transport company.

From MarketWatch • Apr. 10, 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