Insurance you can choose to buy for extra protection beyond what is required. It gives you the flexibility to customize your coverage based on your needs.
What to consider
Know what events are covered under your policy.
Review definitions carefully in the policy document.
Ensure that you understand the conditions triggering coverage.
Real world scenarios
A car accident is classified as an insured event under an auto policy.
A natural disaster triggers an insured event in a property insurance policy.
An insured event occurs when a covered injury is sustained during an activity.