What does Monoline Policy mean? Read on to discover the definition & meaning of the term Monoline Policy - to help you better understand the language used in insurance policies.
A monoline policy is one that offers coverage for one specific financial risk. These types of policies are mostly issued by companies that specialize in particular risks, as opposed to typical insurance companies that sell insurance covering multiple risks.
We hope the you have a better understanding of the meaning of Monoline Policy.