Insurance that covers crop loss due to weather conditions, insects, flood, or other named perils.
Insurance Encyclopedia
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.
Multi-disciplinary (Health Insurance)
Treatment that requires multiple specialists of different disciplines.
Multi-insurers
Marine and transit insurance term used where a single movement of goods involves different insurers in different parts of the transit.
Multi-Line/Multi Year Package
See: Risk Transfer, ART Instruments, Multi-Line Multi-Year Programmes.”
Multi-parent captive
Captive insurance company formed to meet the common needs of a group of independent companies or professional practitioners.
Multi-peril
US term describing a policy covering a range of perils as opposed to one covering a single peril or restricted range of perils. The UK equivalent is comprehensive.
Multi-Peril Crop Insurance
Crop insurance usually providing coverage against crop losses by adverse weather (hail, wind, etc.), fire, flood, insects, plant disease and other perils.