coverage options
Insurance plan varieties
Coverage options are the choices available when selecting insurance protection—what risks are covered, at what limits, and with what deductibles.
Insurance policies typically offer a menu of coverage options that buyers can customize: We reviewed our coverage options before renewing the policy.
The term appears in contexts from health insurance to auto and homeowner policies.
- deductibleOut-of-pocket threshold amount
- out of pocketPaid from personal funds
- service areaRoadside facility for travelers
- fine printMiniature contractual text
- prior authorizationInsurer's advance approval requirement
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