Covered Expenses

Definition of "Covered expenses"

Luis A. Badillo
  Keller Williams Realty Premier Properties

  1. in health insurance, reimbursement for an insured's medically related expenses, including room and board, surgery, medicines,anesthetics, ambulance service to and from a hospital, operating room expenses, X-ray, and fluoroscope.
  2. in business interruption insurance, reimbursement of an insured for loss if a business cannot operate, including payroll expense andtaxes.
  3. in extra expense insurance, reimbursement of an insured for extra expenditures made to keep a business operating even under emergency conditions.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ