MLchartDataset catalogue

Direct damage coverage

Term · Insurance and risk management · MLC-T-INS-001162

The portion of an insurance policy that provides financial protection for physical damage directly inflicted upon insured property by a covered peril. This coverage pays for the costs to repair or replace the damaged items or structures. It forms the core of most property, auto, and homeowners insurance policies.

Table 1. Record
IdentifierMLC-T-INS-001162
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001162",
  "term": "Direct damage coverage",
  "field": "Insurance and risk management",
  "definition": "The portion of an insurance policy that provides financial protection for physical damage directly inflicted upon insured property by a covered peril. This coverage pays for the costs to repair or replace the damaged items or structures. It forms the core of most property, auto, and homeowners insurance policies.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/direct-damage-coverage/"
}

Record 997 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.