Insurance Made Simple
If you’re visiting this page, then good on you for trying to understand insurance better! We’ve highlighted common and useful insurance terms here and broke them down in plain English.
Policy Schedule
A policy schedule is a document that lists out the individual details of your policy.
Why it matters:
An insurance contract is made up of a policy schedule, a policy wording, and any endorsements.
A schedule is an overview of the contract with the insurer where all the important details are listed. This is what's included in most policy schedules:
- Who is covered
- Policy start and end dates
- What's covered and any claim limits
- What's excluded
- Premium and payment arrangement
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