Sum insured

It is not always the amount paid on every claim. A personal-accident schedule, for example, may calculate a specified benefit as a proportion of the insured amount.

For a comparison, record the currency, insured person or asset, payment trigger and any shared or aggregate limit. Keep a medical reimbursement cap distinct from a fixed benefit.

Ask whether increasing the amount changes underwriting requirements. For property, also check the valuation basis and any underinsurance clause.