what is the insurance policy?
-Formal contract-document issued by an insurance company to an insured. It:
(1) puts an indemnity cover into effect,
(2) serves as a legal evidence of the insurance agreement,
(3) sets out the exact terms on which the indemnity cover has been provided,
(4) states associated information such as the
-(a) specific risks and perils covered,
-(b) duration of coverage,
-(c) amount of premium, -
(d) mode of premium payment,
-(e) deductibles, if any.
5 insurance policies you should have.
1-Long-Term Disability Insurance
2-life insurance
3-car insurance
4-medical insurance
5-Shop Carefully