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Property Damage Liability Coverage

Insurance that covers damage to other peoples’ property if the insured is found to be liable for an accident.

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Principal Driver

The main operator of an insured vehicle.

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Primary Use

How a vehicle is primarily used, such as for work, pleasure, etc.

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Policy Term

The time period during which an insurance policy is effective. Also referred to as Policy Period.

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Policy Period

The time period during which an insurance policy is effective. Also referred to as Policy Term.

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Policy Expiration Date

The date on which an insurance policy ends.

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Per Person Limits

The maximum amount an insurance company will pay under a policy to each person injured in an accident.

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Per-Occurrence Limits

A cap on the amount an insurance company pays under a policy for all claims arising from a single accident.

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POSSIBILITY OF ISSUE EXTINCT

a term that describes a woman that no matter what age she is able to bear children and a conclusion cannot be made legally that there will be no children.

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PRESUMPTION OF FACT

the logical conclusion that is based unproved facts that are related to the matter in hand.

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PREFERENTIAL TRANSFER

the transferring of property by a debtor who is insolvent to a creditor and excluding transfer to other creditors.

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PRESENCE OF AN OFFICER

the term that is applied when a crime or an offense is committed in view of a law enforcement officer.

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PETTY JURY

See petit jury.

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PERMISSIVE POSSESSION

a term that applies when the occupation of a property by a person has the owner’s permission.

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PRESENT

1. Being in a set place at a given time. 2. To bring a motion before a court.

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PARAMOUNT TITLE

the name of the title that is the claim to the ownership of property that is better than any other sort of claim to the title.

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PERMANENT NUISANCE

this is the term applied to a nuisance that cannot be removed and damage that will continue indefinitely.

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PARANOIA

the name that is given to the form of mental illness that is characterised by hallucinations, delusions and feeling of being persecuted.

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POLICY ENDOWMENT

the name of a life insurance policy that will pay money to the insured after a period of time has elapsed. See insurance, life.

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PARTY INJURED

the term that is used for the person, or party, who has been injured or harmed by the acts of another person or party.

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