Meaning Of Insurance Coverage

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. Coverage- the extent to which something is covered.

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Medical insurance coverage in foreign countries is highly variable.

Meaning of insurance coverage. The person or firm insured by a contract of insurance. Review and update your business insurance coverage. Protection or indemnification by an insurance policy the policy provides extensive coverage against burglary 2.

Based on WordNet 30 Farlex clipart collection. Liability medical payments uninsured motorists and physical damage. It typically covers buildings and the contents inside.

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. 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. Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

The reporting of a particular important event or subject. Insurance coverage- the total amount and type of insurance carried. You have insurance coverage with us.

I want full insurance coverage. The amount he had in cash was insufficient. The dictionarys coverage of standard English is excellent.

The amount he had in cash was insufficient. He borrowed a large sum. Sometimes these policies cover losses from volcanic eruptions as well.

-It covers you for a lifetime. What Does Earthquake Insurance Mean. Auto insurance provides coverage for.

The fact of dealing with or. Amount amount of money sum sum of money- a quantity of money. What Does Coverage Mean.

-It is the most basic type of insurance. Another word for insurance. Please contact our insurance agent for insurance coverage.

Definition of insurance Entry 1 of 2 1 a. Legal Definition of coverage 1. You know you need insurance but.

-It covers you for a specific period. Property such as damage to or theft of your car. He borrowed a large sum.

Is the company or person who promises to reimburse. Your insurance coverage is quite comprehensive. Insurance companies use the term coverage to mean the rupee amount of insurance purchased.

Amount amount of money sum sum of money- a quantity of money. In reality getting your first health insurance plan does not have to be daunting. 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.

The term assurance commonly used in England is considered synonymous with. 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. A risk assumed by the terms of an insurance contract the policy lists four coverages.

Earthquake insurance is a form of property insurance that protects against losses from earthquakes. -Your family gets a lump-sum amount in the case of your death. Insurance Coverage Definition - What is Home Insurance and Types of Home Insurance Add Comment Edit Millions of folks dread choosing a health insurance plan.

-If however you survive the term no money will be paid to you or your family. 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. The definition of coverage is the extent to which something is addressed reported on or included.

An open policy is a one-time insurance that provides insurance cover against all shipments made during the agreed period often a year. In exchange for your paying a premium the insurance company agrees to pay your losses as outlined in your policy. 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.

Im raising my insurance coverage.

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