covered amount

USAGE SUMMARY

The phrase "covered amount" is correct and usable in written English.
It is typically used in financial or insurance contexts to refer to the amount of money that is protected or reimbursed under a policy or agreement. Example: "The covered amount for this health insurance plan is $50,000, which will help cover medical expenses."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

When an interest rate swap contract fails, the bank could lose 1% or 2% of the notional amount of the contract, when a CDS contract fails or pays off the bank could lose 100% of the covered amount.

Huffington Post

The first detailed the billed amount of $28.99, an allowed amount of $13.88, a coinsurance of $6.94, a "not covered" amount of $15.11, "what my plan paid" of $6.94, and "what I owed" amounting to $22.05.

Huffington Post

Outcome measures are amount of time head covered, amount of time in thermal comfort zone, number of hypoxic events, amount of time in the assigned sleep device, amount of time breastfeeding, number of parental (non-feed related) touching infant events, amount of time in the prone sleep position, the number of behavioural arousals and the amount of time infant is awake overnight.

BMC Pediatrics

Primary outcome measures for the infant will be derived from the overnight sleep study (amount of time head covered, amount of time in thermal comfort zone, number of hypoxic events and amount of time in the sleep device) and from surveys (full or exclusive breastfeeding at 3 and 6 months).

BMC Pediatrics

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

In total, 1490 of 1492 exons were covered, amounting to 278 kb of DNA sequence.

Human Molecular Genetics

While the perceived simplicity of badlands has sparked a disproportional (compared to the land surface they cover) amount of research, our increasing amount of information has not necessarily increased our understanding of badlands in equal terms.

CATENA

The F.D.I.C.'s standard deposit insurance covers amounts up to $250,000 per account, a limit that was raised from $100,000 before the financial crisis.

The New York Times

That plan also called for the state to cover amounts above $300,000 by drawing on a trust fund paid for in part by a $15 annual fee levied on each of the state's doctors and lawyers.

The New York Times

The money covered the amount of wage violations that the department found had occurred when employees were making the tagged garments.

The New York Times

The Federal Circuit also found that Judge Posner's claim construction was incorrect, and that the claim properly covered any amount of hemihydrate.

Angewandte Chemie - International Edition

What awaits drivers and businesses in the new world of plug-in cars? 5. Does lack of black models on British Vogue cover amount to racism?

The Guardian

Expert writing Tips

Best practice

When using "covered amount" in financial contexts, clearly specify what the amount refers to (e.g., "covered amount for medical expenses" or "covered amount of the loan").

Common error

Avoid assuming that the "covered amount" fully accounts for all potential costs; always check for deductibles, exclusions, and policy limits to prevent financial surprises.

Linguistic Context

The phrase "covered amount" functions as a noun phrase, where 'covered' acts as an adjective modifying 'amount'. It specifies a particular quantity or sum that is subject to protection, insurance, or compensation. As Ludwig AI suggests, it is grammatically correct.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Science

30%

Formal & Business

25%

Less common in

Wiki

5%

Reference

5%

Encyclopedias

5%

Ludwig's WRAP-UP

In summary, the phrase "covered amount" is a grammatically sound term primarily used in financial, insurance, and legal contexts to denote a specific sum that is protected or insured. As indicated by Ludwig AI, the phrase is valid and usable in English. While its frequency is classified as Uncommon, it appears consistently across diverse authoritative sources. The primary contexts in which "covered amount" is found are News & Media, Science and Formal & Business documents. For clarity, when using the phrase it's useful to specify the exact context to which it applies. Remember also that the "insured sum", "protected quantity" and "reimbursed total" can be employed as alternative expressions in similar contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

covered quantity

Maintains similar structure, slightly different word choice.

insured sum

Replaces "amount" with a synonym indicating a specific sum is insured, altering the focus slightly.

protected quantity

Substitutes both words with synonyms, emphasizing the protection aspect of the amount.

reimbursed total

Focuses on the reimbursement aspect rather than general coverage.

guaranteed value

Highlights the guaranteed aspect of the amount, shifting the emphasis to security.

compensated sum

Similar to "reimbursed total", but with a focus on compensation.

indemnified amount

A more formal term used in legal and insurance contexts.

shielded volume

Emphasizes the safeguarding of a quantity, more abstract than monetary value.

allocated sum

Focuses on a sum that has been specifically allocated, implying coverage for a particular purpose.

budgeted sum

Implies the amount is planned for within a budget, changing the context to financial planning.

FAQs

How is the "covered amount" determined in an insurance policy?

The "covered amount" is usually determined by the terms and conditions outlined in the insurance policy, which may include factors like policy limits, deductibles, and the specific type of coverage.

What does "covered amount" mean in a financial context?

In finance, "covered amount" typically refers to the portion of a transaction or investment that is protected or guaranteed against loss, such as through insurance or hedging.

What are some alternatives to using the phrase "covered amount"?

You can use alternatives like "insured sum", "protected quantity", or "reimbursed total" depending on the specific context.

Is there a difference between "covered amount" and "total cost"?

Yes, the "covered amount" is the portion that an insurance policy or financial agreement will pay or protect, while "total cost" is the overall expense, which may include amounts not covered by the policy.