Ask a Question

What does amount insured mean?

← Prev Question Next Question →
+1 vote
100 views
in Insurance by (82.5k points)
What does amount insured mean?

Query is from Insurance subject

I got this question by my school teacher while I was bunking the class.

Other related questions to my question are:

What is an insured amount?

What does your insured mean?

What is the difference between insured and insured?

What does sum insured mean in insurance?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
Right answer is: The amount of insurance is the amount of money that an insurance company is willing to provide financial coverage for, for a specific policy. For example, if your homeowner's insurance policy has a limit of $300,000, then the amount of insurance you have for this policy would be $300,000.Jan 25, 2017

The title of my answer can be What is the Amount of Insurance?

My answer's reference is Definition from

Related questions

+1 vote
1 answer
What does named insured mean on insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does it mean by insured name?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does insured mean on a form?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does insured party name mean?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does name of insured person mean?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does insured body part mean?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does your insured mean?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does sum insured mean in insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does first named insured mean?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does named insured mean on car insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics advanced machining computer fundamentals life sciences basic civil engineering iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...