What is the Definition of Package Policy?

What is the Definition of Package Policy?

A single insurance policy that combines several coverages previously sold separately. Examples include homeowners insurance and commercial multiple peril  insurance.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Package Policy?

You can find random definition and meaning of insurance terms below:


What is the meaning of Liability

Any legally enforceable obligation or responsibility for the injury or damage suffered by another person.


What is the meaning of Liability Examiner

The liability examiner handles the investigation of the accident. These examiners' responsibilities can include collision payments, property damage payments, and bodily injury settlements. In some states, these examiners may also handle the medical portion of your claim.


What is the meaning of Liability Insurance

Insurance that provides protection from claims arising from injuries or damage to other people or property.


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