Marine Insurance
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.
Insurance Glossary
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.
Marine-cum-Erection Insurance
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.
Maturity Date
In insurance, the maturity date refers to the date on which an endowment policy or other long-term insurance contract matures, and the policyholder is entitled to receive the maturity benefit or the accumulated cash value.
Medicaid (USA)
Medicaid is a joint federal and state government program in the United States that provides health insurance coverage to millions of low-income Americans, including children, pregnant women, seniors, people with disabilities, and certain low-income adults.
Medicare (USA)
Medicare is a federal health insurance program in the United States that primarily provides coverage for people aged 65 and older, as well as some younger people with disabilities and those with end-stage renal disease (permanent kidney failure requiring dialysis or a transplant).
Medigap Insurance
Medigap is a type of supplemental health insurance in the United States that helps fill the “gaps” in Original Medicare coverage (Part A and Part B).
Mid Term Rewrite
A mid-term rewrite in insurance refers to replacing an existing insurance policy with a new one before the current policy’s expiration date.
Monline Insurance
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.
Motor Carriers Form (USA)
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.
Motor Vehicle Report (MVR -USA)
In the USA, a Motor Vehicle Report (MVR) is a detailed record of an individual’s driving history.
Multi-Car Discount
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.
Multi-Policy Discount
A discount on insurance premiums that is offered to customers who purchase more than one type of insurance policy from the same company.