Insurance that covers crop loss due to weather conditions, insects, flood, or other named perils.
Tag: RAW
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.