MLchartDataset catalogue

Direct damage

Term · Insurance and risk management · MLC-T-INS-001161

Physical harm to insured property that is an immediate and direct result of a covered peril. This type of damage is distinct from indirect or consequential losses, which arise as a result of the direct damage but are not the damage itself. For example, fire burning a house is direct damage, while loss of rental income due to the fire is an indirect loss.

Table 1. Record
IdentifierMLC-T-INS-001161
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001161",
  "term": "Direct damage",
  "field": "Insurance and risk management",
  "definition": "Physical harm to insured property that is an immediate and direct result of a covered peril. This type of damage is distinct from indirect or consequential losses, which arise as a result of the direct damage but are not the damage itself. For example, fire burning a house is direct damage, while loss of rental income due to the fire is an indirect loss.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/direct-damage/"
}

Record 980 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.