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Auto

Term · Insurance and risk management · MLC-T-INS-000493

A common abbreviation for automobile insurance, which provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. It covers a range of risks including theft, fire, and vandalism. Most jurisdictions require vehicle owners to carry some level of auto insurance.

Table 1. Record
IdentifierMLC-T-INS-000493
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000493",
  "term": "Auto",
  "field": "Insurance and risk management",
  "definition": "A common abbreviation for automobile insurance, which provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. It covers a range of risks including theft, fire, and vandalism. Most jurisdictions require vehicle owners to carry some level of auto insurance.",
  "url": "https://mlchart.com/terminology/insurance/auto/"
}

Record 243 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.