What is the Definition of Supplemental Coverage?

What is the Definition of Supplemental Coverage?

An amount of coverage that adds to the amount of coverage specified in a basic insurance policy.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Supplemental Coverage?

You can find random definition and meaning of insurance terms below:

What is the meaning of Nonadmitted Insurer

insurance company not licensed to do business within a given state.

What is the meaning of Non-controlled stock insurers

insurers in which a parent company has: 1) a financial interest represented by the direct or indirect ownership of less than 50% of voting shares, and 2) does not have the ability to exercise control over the insurer, e.g., through voting stock or management contract

What is the meaning of Non-proportional Reinsurance

reinsurance that is not secured on individual lives for specific individual amount of reinsurance, but rather reinsurance that protects the ceding company's overall experience on its entire portfolio of business, or at least a broad segment of it. The most common forms of non-proportional reinsurance are stop loss and catastrophe.

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