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

Buy and hold a portfolio composed mainly of a stock index fund with a money-market fund as an insurance policy.

From The Wall Street Journal • May 21, 2026

His insurance policy does provide some reimbursement for code upgrades, but he said it won’t come close to the costs the family is facing.

From Los Angeles Times • May 15, 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

While the pair both wanted to be conservationists as children, neither knew they would be on the frontline of Wales' insurance policy against plant extinction.

From BBC • Apr. 11, 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