Definition, Meaning & Synonyms
policyholder
noun
/ˈpɒl.ɪ.siˌhoʊl.dər/
Definition
A person or entity that owns an insurance policy and is entitled to the benefits provided by it.
Examples
- As a policyholder, you can file a claim for any covered losses.
- The policyholder received comprehensive coverage for their home.
- It’s important for the policyholder to read the terms of the insurance policy carefully.
Meaning
A policyholder is someone who retains the legal rights to an insurance policy and is responsible for paying the premiums associated with it.
Synonyms
- Insured
- Subscriber
- Contract holder
