Your insurance policy is essentially a contract between you and your insurer. Therefore, your insurance company is obligated to provide a payout when you experience a loss that is covered under the terms of the policy.
However, keep in mind that certain circumstances can prevent you from getting the money. For example, if you get into an accident and, during the investigation, the insurance adjuster discovers that you lied on your application. In such a case your claim could get denied, even though the loss was technically covered based on the policy agreement.