/sʌm ɪnˈʃʊərd/ – Phrase
Definition: số tiền bảo hiểm.
A more thorough explanation: “Sum insured” refers to the specific amount of money that an insurance policy guarantees to pay out in the event of a covered loss or damage. This amount is agreed upon by the insured and the insurer when the policy is purchased, and it represents the maximum liability of the insurer under the terms of the policy.
Example: The sum insured on the property was set at $500,000 to cover any potential damages or losses.