Memory InsuranceVersión en línea A match is the definition and the correct word. por Laura Long The amount of money paid for the chosen insurance policy. A contract/agreement with an insurance company. The different options of coverage that insurance companies may offer. Limit Coverage The maximum amount of money your insurance will pay (sometimes in the year and sometimes in a lifetime). Plans Policy Deductible The amount you must pay out of your own pocket before your insurance company will start paying for services. What your insurance policy will pay for based on the plan you chose. Premium