Policy Provisions

Published: | Updated: April 20, 2018;

Definition - What does Policy Provisions mean?

Policy provisions are clauses in an insurance contract that lay out the exact conditions for which coverage is provided and for what amounts, along with exclusions and other restrictions.

Insuranceopedia explains Policy Provisions

Policy provisions in an insurance contract can include such details as coverage periods, exclusions, riders, start dates, and other important information. As it determines whether coverage applies and for what amount, it is important for policyholders to carefully read the details of their policy and understand them. Otherwise, they risk not taking advantage of the protection their policy provides or potential unexpected financial hardships due to losses that are not covered but assumed to have been.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.