
Policy wording
Policy wording refers to the specific language and terms used in an insurance policy document. It outlines what is covered, what isn't, and the conditions for making a claim. Clear policy wording ensures that both the insurer and the policyholder understand their rights and obligations. It defines key concepts, exclusions, and procedures, serving as a legal contract that guides how claims are assessed and processed. Accurate and precise wording is essential to prevent misunderstandings and ensure the policy functions as intended.