Insurance Coverage

Definition

Insurance coverage refers to the protection provided by an insurance policy that compensates for financial losses or damages incurred due to specified events or circumstances.

Related terms

Risk assessment: The process of evaluating potential risks and determining the likelihood of certain events occurring.

Actuarial tables: Statistical data used by insurance companies to assess risk and calculate premiums based on factors such as age, gender, and health history.

Discrimination:

Unfair treatment or prejudice based on factors such as race, gender, or in this case, traits identified through trait theories.