Dictionary.com
definitions
  • synonyms

open policy

noun Insurance.
  1. a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.
Show More

Origin of open policy

First recorded in 1875–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for open policy

open policy

noun
  1. an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurredCompare valued policy
Show More
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012