MLchartDataset catalogue

Latent defect

Term · Insurance and risk management · MLC-T-INS-001962

A hidden flaw or imperfection in a product, material, or structure that is not discoverable by reasonable inspection but exists at the time of manufacture or construction. This type of defect only becomes apparent after a period of use or under specific conditions, leading to unexpected failure or damage. Many insurance policies exclude coverage for losses arising from latent defects.

Table 1. Record
IdentifierMLC-T-INS-001962
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001962",
  "term": "Latent defect",
  "field": "Insurance and risk management",
  "definition": "A hidden flaw or imperfection in a product, material, or structure that is not discoverable by reasonable inspection but exists at the time of manufacture or construction. This type of defect only becomes apparent after a period of use or under specific conditions, leading to unexpected failure or damage. Many insurance policies exclude coverage for losses arising from latent defects.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/latent-defect/"
}

Record 1,904 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.