Policy Coverage
Policy coverage refers to the specific protections and benefits provided by an insurance policy. It outlines what is included in the coverage, such as damages, losses, or liabilities that the insurer will pay for in the event of a claim. Understanding policy coverage is essential for policyholders to know what risks are covered and what exclusions may apply.
Different types of insurance, such as auto insurance, homeowners insurance, or health insurance, have varying levels of coverage. Each policy will detail the limits, deductibles, and conditions under which claims can be made. This information helps individuals and businesses make informed decisions about their insurance needs.