Automobile physical damage insurance

Term · Insurance and risk management · MLC-T-INS-000503

Coverage that protects an insured's vehicle against direct and accidental loss or damage, distinct from liability coverage which covers harm to others. It consists of two primary coverages: collision, which pays for damage from a crash with another object or from an upset, and other than collision, which covers losses from perils like theft, fire, hail, or vandalism. A deductible, the amount the insured pays per claim, applies to both coverages.

Table 1. Record
Identifier	MLC-T-INS-000503
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-000503",
  "term": "Automobile physical damage insurance",
  "field": "Insurance and risk management",
  "definition": "Coverage that protects an insured's vehicle against direct and accidental loss or damage, distinct from liability coverage which covers harm to others. It consists of two primary coverages: collision, which pays for damage from a crash with another object or from an upset, and other than collision, which covers losses from perils like theft, fire, hail, or vandalism. A deductible, the amount the insured pays per claim, applies to both coverages.",
  "url": "https://mlchart.com/terminology/insurance/automobile-physical-damage-insurance/"
}

Record 253 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.