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policyholder
[pol-uh-see-hohl-der]
policyholder
/ ˈpɒlɪsɪˌhəʊldə /
noun
a person or organization in whose name an insurance policy is registered
Word History and Origins
Origin of policyholder1
Example Sentences
Residential policyholders across California could be paying several hundred million dollars to help cover the costs of claims arising out of the January firestorms in Los Angeles County.
Confusing language or time-consuming formats can make the process for appealing claim denials so complicated that policyholders just avoid it altogether, experts say.
As a result, the company reported a policyholder credit expense for that amount in September, which weighed on profit.
Consumer watchdogs also believe more policyholders would be incentivized to weatherproof their homes if insurers offered discounts for people who took these mitigation measures into their own hands.
It originally called for policyholders suffering total losses to get 100% of their personal property coverage limits up front, but it was opposed by the insurance industry and amended.
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