noun
1.
A Policy is the contract between the insurer and the insured (the policyholder), detailing the rights and responsibilities of both parties. The Policy outlines pertinent information about covered Risks, Premiums, Deductibles involved, as well as other relevant details.
Did you know you can still flush the toilet, even if your well pump is stopped.
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You taught them how to read and how to ride a bike, but have you taught your children how to manage money?