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The cover amount in insurance is the amount of money that covers the said person up to a certain amount of money just in case of a of any accidents or deaths. If any of these cases arise the insurance company pays you an agreed upon cover amount.

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Q: What is cover amount in insurance?
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Related questions

What is cover in insurance?

The cover amount in insurance is the amount of money that covers the said person up to a certain amount of money just in case of a of any accidents or deaths. If any of these cases arise the insurance company pays you an agreed upon cover amount.


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What insurance covers bodily injury?

In order for one to have insurance cover bodily injury one would have to have bodily injury insurance. This is good insurance to have as it would cover injuries to any persons that one injures in an accident. This liability insurance would cover any amount one is obligated to pay for injuries sustained and related costs.


What does compulsory insurance mean?

Compulsory insurance usually refers to the least amount of cover for a product you can buy from insurance companies whilst still being legal in the case of car insurance.


Does regular house insurance replace the home's contents?

Regular house insurance does not cover the contents of the house and so will not cover the replacement of those items. A separate assessment is made of the contents of the house and a separate amount is charged for their insurance.


What effect does cash value have on life insurance benefit amount?

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