What is the definition of Family Benefit Coverage?

Family Benefit Coverage refers to the option that the insurance will also cover the spouse and the children of the main person being insured. This is mostly offered for accident and health coverage.

This type of coverage will cover the eligible family dependents. There is usually an age limit and some conditions that must be met. Once the child reaches the age limit, he is no longer eligible for the coverage.

The structure of the plan is also different for this kind of coverage and there is a maximum deductible per family for each year.

The premiums are the same regardless of the number of children, but this may also be subject to a maximum limit.

• Reinstatement
• Registered Principal
• Liquor Liability
• Businessowners Policy (BOP)
• Directors and Officers Liability Insurance