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Insurance concepts and terms
Insurance concepts letter M

MOTOR INSURANCE - insurance coverage for motor vehicles, including cars, motorcycles, as well as drivers and passengers. Motor insurance also includes third-party liability coverage for vehicle owners for bodily injury, death, or property damage to third parties arising from the use of the insured vehicle or motorcycle as a source of increased risk (mandatory in most countries).

 

MOVABLE PROPERTY - items that can be freely moved in space. Movable property includes property that is not immovable, intended for use in economic (entrepreneurial) activities and/or for the satisfaction of social-cultural (domestic) needs and/or for personal use.

 

MACHINERY BREAKDOWN INSURANCE - a type of property insurance used to protect entrepreneurs from the risk of mechanical breakdowns of machines, particularly those that are essential to technological processes or key production equipment.

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