1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With P

Package Policy

What is a Package Policy?

A Package Policy is a policy that offers coverage for multiple lines of business. For example, if a policy lists General Liability, Property, and Umbrella coverage on their form, then we would consider that a Package Policy. On the contrary, if a policy is only providing Property, that would be a monoline policy as they only offer one line of coverage.