Policyholder

A policyholder is an individual or entity that owns an insurance policy. This person pays premiums to the insurance company in exchange for financial protection against specific risks, such as accidents, health issues, or property damage. If a covered event occurs, the policyholder can file a claim to receive compensation or benefits as outlined in the policy. Essentially, the policyholder is the insured party who relies on the insurance to help mitigate potential financial losses.