An insurance policy is the contract between the insurer and the policyholder, that determines the claims that the insurer is legally required to pay.
Your information is incomplete. Therefore, an overview will be given. Insurance means a form of protection from financial loss. Insurance is a form of risk management used to hedge against the risk of a contingent or uncertain loss.
An insurance policy is the contract between the insurer and the policyholder, that determines the claims that the insurer is legally required to pay. It lays out what is covered, what isn't covered, and other details of the agreement.
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