Simple English definitions for legal terms
Read a random definition: animo et facto
A time policy is a type of insurance policy that is effective only during a specified period. It is a contract between the insurer and the policyholder that provides coverage for a limited time. For example, a car insurance policy that is valid for one year is a time policy.
Other types of insurance policies include:
These examples illustrate the different types of insurance policies that are available to individuals and businesses. Each policy has its own terms and conditions, and it is important to carefully review and understand them before purchasing a policy.