Sports Insurance Glossary : Letter M

Malpractice Insurance - Coverage afforded to a professional practitioner, such as a doctor or a lawyer, against liability claims for damages resulting from alleged negligence in the performance of the insured's services.

Marine Insurance - (See Inland Marine or Ocean Marine Insurance).

Medical Expense Payments - This is a coverage under the General Liability coverage. This coverage will reimburse an injured party for medical and/or funeral expenses incurred as a result of bodily injury or death sustained by accident under the conditions specified in the policy, regardless of whether you are liable or not. The most we will pay for any one person is the limit specified in the policy.

Medical Payments Automobile Insurance - Coverage, in states which are other than a no-fault state, which pays medical and hospital expenses and the expense of funeral services resulting from an automobile accident, regardless of the liability of the insured. This is a first-party coverage.

Minor - In most states, a person under the age of 18 or 21.

Multi-Peril Policy - A package policy that provides protection against a number of separate perils. Multi-peril policies are not necessarily multiple-line policies, since the combined perils may be all within one insurance line, such as property.

Multiple-Line Policy - A package policy which combines coverages from both the traditional property and liability lines.