Insurance coverage

is an insurance payment, which an insurer must make when an insurance event occurs under a personal insurance agreement or liability insurance, resulting in death, injury or other harm to health of an insured or a third party. Insurance coverage is an absolute expression of an amount for which separate facilities or all of property of an insured are insured; valuation of obligations undertaken by insurer for certain types or entire set of operations types conducted by it. It may be paid to insured person, beneficiary or heir by law.