The cover is the maximum amount which the insurer must pay out under the contract upon the occurrence of an insured event.

There are two types of insurance: household insurance, legal expenses insurance and similar (= indemnity insurance) specify an insurance cover up to which the insurance must indemnify the insured person for an insured damage or loss. With life insurance and similar (= fixed-sum insurance), the insurance company will pay out an insured amount that was agreed previously.