MLchartDataset catalogue

Combined additional coverage (CAC)

Term · Insurance and risk management · MLC-T-INS-003612

A physical damage coverage for autos that pays for loss from a named list of perils, written together with fire and theft coverage as fire, theft and combined additional coverage. Typical perils include windstorm, hail, earthquake, explosion, flood and vandalism. It does not pay for ordinary collision damage, and it is narrower than open-perils physical damage coverage, which insures every cause of loss that is not excluded.

Table 1. Record
IdentifierMLC-T-INS-003612
FieldInsurance and risk management
SubjectCommercial Auto
AbbreviationCAC
Record as JSON 
{
  "id": "MLC-T-INS-003612",
  "term": "Combined additional coverage (CAC)",
  "field": "Insurance and risk management",
  "definition": "A physical damage coverage for autos that pays for loss from a named list of perils, written together with fire and theft coverage as fire, theft and combined additional coverage. Typical perils include windstorm, hail, earthquake, explosion, flood and vandalism. It does not pay for ordinary collision damage, and it is narrower than open-perils physical damage coverage, which insures every cause of loss that is not excluded.",
  "abbreviation": "CAC",
  "subject": "Commercial Auto",
  "url": "https://mlchart.com/terminology/insurance/combined-additional-coverage-cac/"
}

Record 608 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.