Insurance Policy Cover Definition

Least Expensive Alternative Treatment LEAT. Because of the limitation in policy comparison and availability of options an insurance plan purchased through an agent offers fixed coverage.

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A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation.

Insurance policy cover definition. Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice injury or negligence. If you could have compared different insurance plans online as per your requirements you would have ended up purchasing a more suitable plan with the required cover.

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