Substantial Coverage Gain

A substantial coverage gain refers to a significant increase in the amount or scope of insurance protection provided by a policy. This means the policy now covers more risks or offers higher limits, reducing the policyholder’s financial exposure in case of a claim. For example, if your home insurance coverage increases considerably after a policy update, it’s considered a substantial coverage gain. This enhancement provides greater financial security and peace of mind, ensuring you are better protected against potential losses or damages.