What is the coverage of insurance?
Insurance coverage is the amount of risk, liability, or potential loss that is protected by insurance. It helps individuals recover from financial losses as a result of incidents, such as car accidents, damaged property, or unexpected health issues.
What is the insurance answer?
Insurance is a contract between the insurer and the insured, whereby the insurer agrees to compensate the insured against the loss on account of unforeseen future event. It serves as a means of protection from financial loss.
What is an insurance policy quizlet?
An insurance policy is a legal contract between and insurance company and an insured, in which the insurance company will pay an insured for covered losses in exchange for the insured paying the premiums.
What are the 4 types of coverage?
Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.
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