What does Menu Driven Policy mean? Read on to discover the definition & meaning of the term Menu Driven Policy - to help you better understand the language used in insurance policies.
Menu Driven Policy
Insurance coverage option by insurers. A menu-driven policy typically contains a "common terms and conditions" coverage part and separate, risk-specific coverage parts that can be purchased or not, depending on what coverage the insured wants to buy. This makes it very easy for an insured to buy and pay for only those coverages it really wants.
We hope the you have a better understanding of the meaning of Menu Driven Policy.