Education Center

What is a Policy of Insurance?

When you're looking at insurance policies, it's important to understand what you are purchasing. The best way to do this is to read over the policy of insurance.

The policy of insurance lays out all the policy details you need to know and is the guide for what is covered and not covered under your policy. Because of all the information included, this document can get pretty long, so knowing what to read first and where to look can really help.

Important Parts of a Policy of Insurance

Schedule of Benefits
Schedule of Benefits

This section lists the base policy benefits and the maximum amount of coverage available for each benefit. It helps you determine if the policy suits your needs at a glance.

Effective Dates
Effective and Termination Dates

The start and end dates of your coverage are outlined in this section.

Definitions
Definitions

Definitions of terms used in your policy, especially those capitalized or italicized, can be found in this section for clarification.

Benefits
Benefits

Outlines what you're covered for, including time frames and specific events or losses included under the policy.

Exclusions
Exclusions

Details what is not covered under the policy, including general and specific exclusions for certain benefits.

Payment of Claims
Payment of Claims

Explains how to file a claim, including the required documentation and where to submit it.

One of the most important features of ComplicationInsure is that we manage the entire process with your healthcare provider. No complex insurance procedures—just focus on getting well!

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