primary insurance coverage
- This refers to the protection provided by an insurance policy where the insurance company is obliged to pay out as soon as a specific, stated event takes place
- The homeowners opted for primary insurance coverage to ensure immediate payout in case of any damage to their property.
- Primary insurance coverage is often preferred by drivers as it would offer immediate financial support in case of an accident.
- With primary insurance coverage, the business owner was confident that any significant losses would be immediately compensated by the insurance company.