Midwest General Agency | R.W. Scobie | Insurance Words Glossary

Insurance Words Glossary
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Viewing: P (236)
Word Definition
Package Policy A combination of property-liability coverages of two or more separate policies in one contract with ...
Paid Business A life and health insurance term used to designate the business that has been underwritten and accep...
Paid-up Additions A life insurance option allowing the insured to use policy dividends to purchase additional limits o...
Paid-up Insurance or Paid-up At Age Life Insurance

A whole life insurance policy giving standard lifetime protection, but where the policy becomes p...

Paid-up Policy A life policy that requires no more premium payments. Death benefits are not paid, however, until de...
Pair-and-set Clause An inland marine policy provision which requires the insurer, at the insured's option, to restor...
Panel Wall In building construction, a panel wall is normally an exterior, one-story, nonbearing panel. In mult...
Paramedics Professional Liability Specially designed professional liability coverage for the exposures experienced by paramedics who h...
Parapet A division wall or fire wall which, if it is to be accepted as a standard division, must extend thro...
Parcel Post Insurance An inland marine form that insures against the loss of merchandise in transit by government parcel p...

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