Transportation expenses
Term · Insurance and risk management · MLC-T-INS-003362
A coverage included in some personal auto policies that reimburses the insured for costs incurred for alternative transportation after a covered loss to their vehicle. This coverage pays for expenses like public transit fares, taxi services, or ride-sharing fees while the insured vehicle is unavailable. Payments are subject to a daily limit, such as $20 per day, and a maximum total amount per occurrence.
| Identifier | MLC-T-INS-003362 |
|---|---|
| Field | Insurance and risk management |
| Subject | Personal Lines |
Record as JSON
{
"id": "MLC-T-INS-003362",
"term": "Transportation expenses",
"field": "Insurance and risk management",
"definition": "A coverage included in some personal auto policies that reimburses the insured for costs incurred for alternative transportation after a covered loss to their vehicle. This coverage pays for expenses like public transit fares, taxi services, or ride-sharing fees while the insured vehicle is unavailable. Payments are subject to a daily limit, such as $20 per day, and a maximum total amount per occurrence.",
"subject": "Personal Lines",
"url": "https://mlchart.com/terminology/insurance/transportation-expenses/"
}
Record 3,454 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.