full coverage

full coverage definition - business

full coverage

Insurance coverage against all types of losses. For example, a vehicle owner is covered for personal injury, liability, property damage, collision, comprehensive, uninsured motorist, etc. Full coverage may indeed provide coverage against all types of losses, but it may not cover a loss fully because of deductibles or coinsurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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