What Does Reimbursement Policies Mean?

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What does Reimbursement Policies mean? Read on to discover the definition & meaning of the term Reimbursement Policies - to help you better understand the language used in insurance policies.

Reimbursement Policies

Reimbursement Policies

Insurance policies in which the insured must first pay losses out-of-pocket and then seek reimbursement for any covered loss from the insurer, as opposed to policies in which the insurer is required to "pay losses on behalf of" an insured.

We hope the you have a better understanding of the meaning of Reimbursement Policies.

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