policy-holder

The policy-holder reviews their insurance documents at the desk.

Definition

1. Noun:
   • Person with an insurance contract: A "policy-holder" is an individual or entity that owns an insurance policy, meaning they have a legal contract with an insurance company that provides financial protection or coverage for specific risks.

Usage Examples

• (The person who owns the insurance contract must make regular payments.)
• (The insurance contract owner submitted a request for payment.)

Advanced Usage

• "Named policy-holder": The specific person or entity listed as the owner of the policy.

  • Only the named policy-holder can make changes to the coverage. (Only the person officially listed as the owner can adjust the insurance terms.)

• "Additional policy-holder": A person added to an existing policy, often a family member.

  • She added her spouse as an additional policy-holder on the car insurance. (She included her husband as another person covered by the same contract.)

Variants and Related Words

• Policy (n): a written contract for insurance.

  • He reviewed his health insurance policy before renewing it. (The printed document outlining coverage terms.)

• Holder (n): a person who possesses or owns something.

  • The ticket holder was allowed entry to the event. (The person who has the ticket.)

Synonyms

• Insured: a person covered by an insurance policy.

  • The insured received a cheque for the damage. (The person protected by the insurance contract.)

• Policy owner: the person who legally holds the insurance contract.

  • As the policy owner, she decides on coverage limits. (The person who holds the rights to the policy.)

Related Idioms

Phrasal Verbs