Legal Definitions - specific policy

A specific policy is a type of insurance policy that provides limited coverage against loss. It can refer to a basic-form policy that covers damages from fire, windstorm, explosion, riot, aircraft, vehicles, theft, or vandalism. It can also refer to a limited policy that specifically excludes certain classes or types of loss.

For example, an accident policy is a specific policy that insures against loss resulting directly from accidental bodily injuries sustained during the policy term. A bailee policy is a specific policy that covers goods in a bailee's possession but does not particularly describe the covered goods.

These examples illustrate how a specific policy provides coverage for a specific type of loss or risk, rather than offering broad protection with few limitations like a broad-form policy or an open-perils policy.