Package Policy
A single insurance policy that combines several coverages previously sold separately. Examples include homeowners insurance and commercial multiple peril insurance.
"Package Policy" In Context
"Underwritten by ACE Commercial Risk Services® and ACE USA, this offering provides access to ACE’s International Advantage® Casualty offerings through a simple package policy. For companies doing business overseas, coverage provides access to ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.