In plain English
This refers to altering a policy that is already in place, rather than starting from scratch. The update can affect one or more parts of it, including its details, its terms, or the coverage it provides.
In context
Here, it labels a portal action for requesting an update to an existing insurance policy by changing its details, terms, or coverage.
- Situation
- Renewing, changing, cancelling, and retrieving policy documents
- What it communicates
- labels a portal action for requesting changes to policy information or cover
Meaning limits
This sense is limited to changing an existing policy, not to creating a new one.
Examples
“When she increased the contents cover on her existing home insurance, she made a policy change rather than start a new policy.”
“In the portal, a customer makes a policy change by opening the current policy and entering the new address.”