Coverage

Coverage refers to the scope of protection provided under an insurance policy. In the context of insurance, coverage denotes the amount and type of risk or liability that is covered for an individual or entity by way of insurance services. This can include protection from financial loss due to events such as accidents, theft, damage to property, liability, illness, or death, depending on the terms of the policy. Insurance coverage is detailed in a policy document, which outlines what is and is not protected, the limits of the coverage, any deductibles that may apply, and the conditions under which the insured will be compensated by the insurance company. Coverage can vary widely between different insurance policies and is often customizable to the needs of the insured. It is important for policyholders to understand their coverage in detail to ensure they have the necessary protection in place.