Memory InsuranceVersión en línea A match is the definition and the correct word. por Laura Long Policy A contract/agreement with an insurance company. What your insurance policy will pay for based on the plan you chose. The different options of coverage that insurance companies may offer. The amount you must pay out of your own pocket before your insurance company will start paying for services. Coverage The amount of money paid for the chosen insurance policy. The maximum amount of money your insurance will pay (sometimes in the year and sometimes in a lifetime). Limit Plans Deductible Premium