polisa

Polisa is a term used in several languages to denote an insurance policy. In general, a polisa is the contract issued by an insurer that specifies the coverage provided, the premium due, the term of the policy, and the rights and obligations of the insured and the insurer. The document acts as proof of insurance and a basis for making claims. In Polish, polisa is the everyday word for a formal insurance agreement, while in Albanian and some other languages the term is similarly used to refer to such documents, often borrowed from the Italian word polizza.

Contents and structure of a polisa typically include the insured party’s details, the insured risks, coverage limits, premiums, exclusions, deductibles, claim procedures, and the policy term. It may also list additional riders or endorsements that modify the standard coverage.

Types and scope of polisas vary by line of business, including life, health, motor vehicle, property, and liability insurance, with variations by country and regulatory regime. Some jurisdictions require polisas to be in the local language and to meet specific disclosure requirements.

Legal status and interpretation: As a legally binding document, a polisa governs the contractual relationship between the insurer and the insured and is subject to applicable insurance laws and consumer protections.