The amount of risk or liability covered by insurance services for an individual or organization is known as insurance coverage.
An insurer issues insurance coverage in the event of unanticipated events, such as life insurance, auto insurance, or more unusual types like hole-in-one insurance.
Key Takeaways from 1:10 Life Insurance Insurance coverage is the amount of risk or liability that is covered for an individual or organization through insurance services.
Auto insurance, life insurance, and homeowners insurance are the most frequently purchased types of insurance coverage.
Insurance helps people recover financially from unforeseen circumstances like car accidents or the loss of a family-supporting adult with an income.
The insured is responsible for paying the insurance company’s premiums in exchange for coverage.
