What Does Coverage Mean?

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What does Coverage mean? Read on to discover the definition & meaning of the term Coverage - to help you better understand the language used in insurance policies.

Coverage

Coverage

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 up to the extent of the loss.

We hope the you have a better understanding of the meaning of Coverage.

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