Restricted cover for Fire and/or Theft only peril’s is permitted only if the vehicle is laid up other than due to accident. The customer may be advised to obtain a “Not in Use” endorsement from the RTA on the RC Book before such a policy is offered. However, restricted perils cover is prohibited for all vehicles under Class D (Miscellaneous and Special Types), Class E, F & G (Motor Trade Risks).
Insurance Encyclopedia
Motorised waterborne craft
Liability arising from use of waterborne craft is excluded in public liability policies as per the marine and aviation exclusion. In Bankers Insurance Co. Ltd v. South and Another (2003) a jet ski was held to be a motorised craft so the liability under the policy was excluded. Jet ski liability is also excluded under personal liability insurance.
Movables
In marine insurance this means any movable tangible property, other than the ship, and includes money, valuable securities and other documents unless the context or subject-matter indicates otherwise’ (Marine Insurance Act 1906, s.90).
Movables for Marine
Movables means any movable tangible property, other than the ship, and includes money, valuable securities and other documents.
MSO
Mutual Service Office – Originally developed for small and mid-sized companies, a national service provider for mutual and stock companies. Provides statistical reports, product development, and support for modifying forms and rules.
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Multi peril crop insurance (Property Insurance)
Insurance that covers crop loss due to weather conditions, insects, flood, or other named perils.
Multi peril policies
Policies that provide coverage against multiple perils in one contract.
Multi-appliance policy
An extended warranty covering domestic appliances as chosen by the insured and is not related to a particular contract of sale as with a connected contract. The policy is renewable annually and is usually issued by an insurer and not a retailer.
Multi-Disciplinary
Treatment which involves care provided by a wide range of specialists.