Midwest General Agency | R.W. Scobie | Insurance Words Glossary

Insurance Words Glossary
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Viewing: M (141)
Word Definition
Machinery Breakdown Insurance Protection against loss from disruption of boilers and machinery by an insured cause of loss, consis...
Mail-order Insurance Purchasing insurance in response to solicitation by mail from insurers, a practice used by some insu...
Maintenance Bonds A device to insure the quality and efficiency level for a given project. It applies to the quality o...
Major Hospitalization Insurance A health insurance coverage for injuries, sickness, accidents or illnesses that would otherwise resu...
Major Medical Insurance A policy designed to reimburse the insured for excess medical expenses in and out of the hospital. T...
Make

Associated with automobile insurance. The make is the manufacturer, e.g., Ford, Toyota, Chevrolet...

Make Book Slang for specializing in certain types of insurance that are expected to produce unstable losses, s...
Malicious Mischief Intentional and willful vandalism and destruction of property. In most property policies, it is link...
Malpractice

Improper actions or failure to exercise proper skill by a professional or others involved with th...

Managed Care A type of insurance protection or plan associated with health and workers compensation programs, tha...

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