Legal Articles

Property Damage Liability Coverage

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

Comments are closed

Principal Driver

The main operator of an insured vehicle.

Comments are closed

Primary Use

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

Comments are closed

Policy Term

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

Comments are closed

Policy Period

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

Comments are closed

Policy Expiration Date

The date on which an insurance policy ends.

Comments are closed

Per Person Limits

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

Comments are closed

Per-Occurrence Limits

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

Comments are closed

PUTATIVE MARRIAGE

the term given to a marriage of good faith but was actually unlawful.

Comments are closed

PUBLIC NUISANCE

the term that is given to a violation of a public right that could lead to injury or harm.

Comments are closed

PREVENTIVE INJUNCTION

a restraining order stopping a person from acting that differs from an affirmative injunction that makes them act. See restraining order.

Comments are closed

PETTY LARCENY

See petit larceny.

Comments are closed

POWER OF VISITATION

the power of the trustee directors of a non-profit institution to manage its affairs.

Comments are closed

PHYSICAL INJURY

1. Damage to a person’s body. 2. An injury that exists so a person cannot physically enjoy his property.

TLD Example: The driver of one of the cars involved in the collision was the only person suffering a physical injury and in need of medical treatment. 

Comments are closed

PORT OF DEPARTURE

a document for the clean bill of health a ship must have before it can enter a US port.

Comments are closed

PREFERENTIAL DEBT

a debt that has to be paid first before all other creditor’s debts.

Comments are closed

PENSION TRUST

the name that is given to a fund in trust with trustees for money invested for employees when they retire.

Comments are closed

PARAMOUR

term used to describe a lover but has no legal relationship with the person.

Comments are closed

PARTNER LIMITED

a term used for the partner who has given funds to a partnership but isn’t engaged actively in running the business.

Comments are closed

PLEA BAD

the term for a plea that is lacking in facts and its form of presentation.

Comments are closed