Meaning Of Insurance Coverage

-It covers you for a specific period. The term assurance commonly used in England is considered synonymous with.


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Coverage or more specifically insurance coverage is the amount of protection in terms of a sum of money that an insurance company provides to an insured person whereby in the event of risk or risks insured against take place such as death or accident the policyholder or a designated beneficiary or beneficiaries shall receive an indemnification or payment.

Meaning of insurance coverage. He borrowed a large sum. Is the company or person who promises to reimburse. Insurance companies use the term coverage to mean the rupee amount of insurance purchased.

Insurance is a contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. Protection or indemnification by an insurance policy the policy provides extensive coverage against burglary 2. The person or firm insured by a contract of insurance.

Property such as damage to or theft of your car. Sometimes these policies cover losses from volcanic eruptions as well. The amount he had in cash was insufficient.

A risk assumed by the terms of an insurance contract the policy lists four coverages. An open policy is a one-time insurance that provides insurance cover against all shipments made during the agreed period often a year. He borrowed a large sum.

The amount he had in cash was insufficient. Insurance a contractual relationship that exists when one party the insurer for a consideration the premium agrees to reimburse another party the insured for loss to a specified subject the risk caused by designated contingencies hazards or perils. Another word for insurance.

Coverage- the extent to which something is covered. Your insurance coverage is quite comprehensive. -It covers you for a lifetime.

Sometimes called the assured is the one who receives the payment except in the case of life insurance where payment goes to the beneficiary named in the life insurance contract. You have insurance coverage with us. -If however you survive the term no money will be paid to you or your family.

Please contact our insurance agent for insurance coverage. Definition of insurance Entry 1 of 2 1 a. I want full insurance coverage.

Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. -It is the most basic type of insurance. Based on WordNet 30 Farlex clipart collection.

Im raising my insurance coverage. Amount amount of money sum sum of money- a quantity of money. Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

In exchange for your paying a premium the insurance company agrees to pay your losses as outlined in your policy. Amount amount of money sum sum of money- a quantity of money. -Your family gets a lump-sum amount in the case of your death.

Credit Placed Insurance - insurance that is purchased unilaterally by the creditor who is the named insured subsequent to the date of the credit transaction providing coverage against loss expense or damage to property as a result of fire theft collision or other risks of loss that would either impair a creditors interest or adversely affect the value of collateral. The definition of coverage is the extent to which something is addressed reported on or included. Review and update your business insurance coverage.

The reporting of a particular important event or subject. Legal Definition of coverage 1. It typically covers buildings and the contents inside.

The exporter may need to declare periodically say once a month the detail of all shipments made during the period type of goods modes of transport destinations etc. In reality getting your first health insurance plan does not have to be daunting. The fact of dealing with or.

Medical insurance coverage in foreign countries is highly variable. Auto insurance provides coverage for. What Does Coverage Mean.

Earthquake insurance is a form of property insurance that protects against losses from earthquakes. You know you need insurance but. The dictionarys coverage of standard English is excellent.

What Does Earthquake Insurance Mean. Insurance Coverage Definition - What is Home Insurance and Types of Home Insurance Add Comment Edit Millions of folks dread choosing a health insurance plan. Liability medical payments uninsured motorists and physical damage.

Insurance coverage- the total amount and type of insurance carried.


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