Back to blogUpdated · 1 min read

Insurance policy

An insurance policy is essentially a contract between you and your insurer. It will outline what’s covered, what’s not and how you can make use of your insurance.

What is in an insurance policy?

An insurance policy will jot down everything there is to know about the insurance you’ve bought. It takes a look at what things you are covered for, what you won’t be covered for, how to claim, what to do if there is an emergency, the limits of your cover, and what is required of you to activate your cover (if necessary).

Where do I find my policy?

Once you have bought cover, your policy is often emailed to you. Or in some cases, you will be able to download it via your insurer’s app or you will find it on your insurer’s website.

You might also like

Definitions

Quote

An insurance quote is an estimate on how much your premium would cost each month for either car, home contents, household or single item insurance.

1 min read
Definitions

Depreciation

Depreciation is when the value of something decreases over time due to natural wear and tear. In insurance, depreciation is usually associated with cars.

1 min read
Definitions

Exclusion

Insurance exclusions outline the things that are not covered by your insurer. So if anything you have insured is lost or damaged by a cause that is excluded by your policy wording, you will not be able to make a claim to your insurer.

1 min read