Adequacy of Coverage

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August 25, 2024 4 min read Definitions
Adequacy of Coverage: Ensuring Sufficient Insurance Protection
Insurance Finance Risk Management Adequacy of Coverage Insurance Protection Underinsured Financial Security Risk Assessment
Adequacy of coverage refers to the sufficiency of insurance protection to repay the insured in the event of a loss. It ensures that the policyholder is fully compensated and can recover without significant financial detriment. This term is particularly crucial in the context of underinsurance.
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