Insurance Coverage Definition
Amount amount of money sum sum of money - a quantity of money. It applies to claims-made insurance policies and typically involves paying your insurer an additional fee.
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Insurance coverage is the amount of risk offloaded to an insurer through an insurance policy.
Insurance coverage definition. Insurance coverage - the total amount and type of insurance carried. 7262020 What is Insurance Coverage. Liability medical payments uninsured motorists.
An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies or to pay money equal to the value of something such as a. Replacement cost coverage pays the cost of repairing or replacing the property with like kind. The deductible you select is the amount you must pay out-of-pocket before insurance pays for this coverage.
Another word for insurance. The amount he had in cash was insufficient. Tail coverage is an endorsement or an addition to your insurance that allows you to file a claim against your policy after it expired or was canceled.
Comprehensive is optional insurance protection you can add to your basic car policy that provides you with coverage from damages that are not the result of a collision with another car. 12222020 What Is Insurance Coverage. Here are all the possible meanings and translations of the word insurance coverage.
Coverage Form one of the primary standardized insurance forms used to construct an insurance contract. Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way of insurance services. In general an insurance policy outlines what it covers and the benefits it provides under different circumstances.
Comprehensive Coverage 4 Covers you for non-collision related damages to your car such as theft vandalism hail fire or hitting an animal. Based on WordNet 30 Farlex clipart collection. Comprehensive Car Insurance Coverage Examples.
The extent to which something is covered. Coverage insurance coverage noun the total amount and type of insurance carried. Premiums for this type of coverage are based on replacement.
Protection or indemnification by an insurance policy the policy provides extensive coverage against burglary. Comprehensive insurance coverage is one of the main coverages available as part of a car insurance policy. Insurance companies use the term coverage to mean the rupee amount of insurance purchased.
Quality regardless of depreciation or appreciation. 352021 Health insurance is a type of insurance coverage that typically pays for medical surgical prescription drug and sometimes dental expenses incurred by the insured. 2003-2012 Princeton University Farlex Inc.
Protection against a risk or risks specified in an insurance policy. This coverage is intended to reduce the financial risk associated with various types of events such as fire damage to a house or business interruption. The reporting or broadcasting of news.
He borrowed a large sum. Accident Insurance - insurance for unforeseen bodily injury. The area or number of persons served or reached by a communications medium.
Likewise a health insurance policy provides money in the event of illness. Princetons WordNet 000 0 votesRate this definition. There are three types of insurance coverage.
Health insurance can reimburse. For example a life insurance policy provides coverage in the event of death. A risk assumed by the terms of an insurance contract the policy lists four coverages.
The specific insured events for which an insurance company will pay a benefit. The coverage form generally contains the insuring agreement coverage conditions exclusions and policy definitions. A provision or document added to an insurance policy that changes the original coverage offered in the policy.
English Language Learners Definition of insurance. Accident Only - an insurance contract that provides coverage singly or in combination for death dismemberment disability or hospital and medical care caused by or necessitated as a result of accident or specified kinds of accident. Coverage of the Olympics.
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