Coverage (kalypsi)
A coverage is the specific risk your policy undertakes to pay for — fire, hospitalisation, liability — within the limits, deductibles and conditions the contract itself sets. Whatever is not named as a cover, or is named as an exclusion, is not paid.
Also known as: Insurance cover
Covers live in the schedule, but what they mean in practice is decided in the terms: an 'earthquake cover' with a 2%-of-sum deductible and one without are two very different things with the same name.
Mind the split between standard and optional covers too: an optional cover you did not take often still appears in the document — as available, not as active. Whether you hold it is decided by the schedule, not the section heading.
Open the schedule of cover and note each cover's limit and deductible. Then read the exclusions of the same section. In PolicyWallet, each policy's covers appear with their limits and their status — active, optional-not-taken, or excluded.
Upload your policy — free summaryFrequently asked questions
If something is not mentioned at all, is it covered?
As a rule, no: most policies pay only the named risks. If you are unsure, that is exactly the question worth putting to your insurer in writing.
How does a cover differ from the sum insured?
The cover says WHAT is paid; the sum insured says UP TO HOW MUCH. A cover with a very low sum can be in force and still fall short.
Related
Educational content, not insurance advice. PolicyWallet explains what the term means and helps you find it in your own document — it does not assert what your policy covers.