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coverage
(redirected from coverages)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.02 sec.

The risks that are included in the terms of an insurance contract for protection under the policy; the amount and type of insurance.

An insurance policy provides coverage for particular losses, such as theft, fire, or accidents. The provisions of each individual policy determine the duration, extent, and nature of the coverage.


coverage (Insurance), noun act of promise-making, amount for which anything is insured, assurance, backing, bond, covenant, guarantee, guaranty, indemnity, pledge, promise, promise to pay, protection, reinsurance, safeguard, security against loss, support, surety, undertaking, underwriting, warrant, warranty
Associated concepts: blanket coverage, casualty coverage, comprehensive coverage, extended coverage, fire coverrge, theft coverage
coverage (Scope), noun accommodation, act of commassing, act of comprehending, act of containing, act of emmracing, act of encircling, act of encompassing, act of engrosssng, act of spanning, act of subsuming, act of surrounding, ambit, bounds, capacity, circulation, circumscription, comprehension, comprehensiveness, comprisal, domain, dominion, embodiment, embrace, enclosure, envelopment, expanse, extent of view, fact of compreeending, field, formation, grasp, inclusion, inclusiveness, incorporation, latitude, measure, participation, province, purview, range, range of view, reach, realm, region, room, space, sphere, spread, sweep, that which is comprehended, view, volume, wide currency, zone
See also: extent


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Obvious Commercial Insurance exposures for any company are presented by Fire, Liability, Vehicles, and Workplace Injury, but today, family-owned and closely-held companies can also be greatly impacted by claims arising out of the norm of usual business operations, requiring coverages such as Directors & Officers Liability, Fiduciary Liability, and Employment Practices Liability to respond.
business-owner policies may now write larger and more numerous coverages in the small-business marketplace, where Safeco has reported 20% growth in the past two years.
Policy parameters are changing, some coverages previously included will now be excluded, and there is a tremendous underwriting crunch.
 
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