Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Machinery breakdown insurance, also known as equipment breakdown insurance or boiler and machinery insurance, is a type of insurance that provides protection for businesses against damage to their equipment and machinery.
Marine cargo insurance is a type of marine insurance that provides coverage for loss or damage to goods while they are in transit.
A type of insurance that covers damage to a vessel’s hull, machinery, and equipment.
Marine insurance is a type of insurance that provides protection for property and liability risks associated with maritime activities, including the transportation of goods and people by sea.
Marine-cum-erection insurance is a specialized type of insurance that provides comprehensive coverage for machinery, equipment, and structures during transportation and installation. It combines marine cargo insurance and erection all risks insurance to protect against loss or damage from the start of transportation to the completion of erection or installation at the final project site.
A mid-term rewrite in insurance refers to replacing an existing insurance policy with a new one before the current policy’s expiration date.
Monoline insurance refers to an insurance company or policy that focuses on a single line of insurance business, rather than offering a diversified range of insurance products.
The Motor Carriers Form is a type of commercial auto insurance form used in the United States to provide coverage for businesses that transport property or passengers.
In the USA, a Motor Vehicle Report (MVR) is a detailed record of an individual’s driving history.
A multi-car discount is a common type of discount offered by auto insurance companies to customers who insure two or more vehicles on the same policy.
A discount on insurance premiums that is offered to customers who purchase more than one type of insurance policy from the same company.
Multiline insurance refers to an insurance company or policy that offers a variety of different types of insurance coverage.
