A policyholder is an individual or entity that owns an insurance policy. This person or organization pays premiums to an insurance company in exchange for coverage against specific risks, such as accidents, health issues, or property damage. The policyholder is entitled to benefits outlined in the policy if a covered event occurs. In addition to receiving coverage, policyholders have certain rights and responsibilities. They must provide accurate information when applying for insurance and notify the insurer of any changes that may affect their coverage. Understanding the terms of the policy is essential for policyholders to ensure they receive the appropriate benefits when needed.