sum insured Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “sum insured” in the English Dictionary

"sum insured" in Business English

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sum insurednoun [C]

uk   us   (plural sums insured) INSURANCE
a ​maximumamount that an ​insurancecompany will ​pay to someone who makes a claim: It is vital for ​homeowners to make sure that the ​suminsured reflects ​changingbuildingcosts.
(Definition of sum insured from the Cambridge Business English Dictionary © Cambridge University Press)
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