Definition of «expense insurance»

Expense insurance is a type of policy that covers certain expenses incurred by an individual or family due to unexpected events such as accidents, illnesses, or natural disasters. This coverage can help protect against financial losses caused by out-of-pocket medical costs, lost wages, travel expenses for treatment, and other related expenses. It is typically offered as an optional benefit in addition to a standard health insurance policy.

Sentences with «expense insurance»

  • Final expense insurance includes final expenses in addition to the cost of a burial. (insurechance.com)
  • While other forms of life insurance can top a million dollars, it's rare for final expense insurance policies to get above $ 20,000. (smartasset.com)
  • For that reason, one of these companies might be the best final expense insurance company for you, but another person might be better served by a different carrier. (choicemutual.com)
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