Reference guide
Insurance Glossary
Plain-language definitions of common insurance terms across policies, coverage, and claims. Check your policy or plan documents for the terms that apply to you.
Find an insurance term
Showing 22 of 46 matching terms
Terms beginning with P
- Endorsement wording that may require a policy to respond first without seeking contribution from another party’s insurance.
- Also called: primary noncontributory wording
-
Primary care physician
Health insurance - A doctor who provides or coordinates routine health care and may manage referrals under some plans.
- Also called: PCP
-
Primary insurance
General insurance - Coverage intended to respond before applicable excess or secondary insurance for the same loss.
- Also called: primary coverage
-
Primary use
Auto insurance - The main way an insured vehicle is used, such as commuting, pleasure, or business, which may affect insurance rating and eligibility.
- Also called: vehicle use
-
Product liability insurance
Business insurance - Coverage for certain claims alleging that a product caused bodily injury or property damage.
-
Products-completed operations aggregate
Business insurance - The maximum a liability policy will pay for covered products and completed operations claims during the policy period.
- Also called: products aggregate
-
Products liability insurance
Business insurance - Liability coverage for covered injury or damage caused by products the insured makes, sells, distributes, or repairs.
-
Professional liability insurance
Business insurance - Coverage for certain claims alleging errors, negligence, or failure to provide professional services.
- Also called: professional indemnity insurance
-
Professional liability retroactive date
Business insurance - The date after which professional acts must occur to qualify for coverage under a claims-made professional liability policy.
-
Professional services exclusion
Business insurance - An exclusion that may remove coverage for claims arising from specialized professional services.
-
Proof of loss
Claims - A statement or documentation an insurer may request to support a claim and describe the loss.
-
Property damage liability
Auto insurance - Auto liability coverage that may pay for damage to another person’s property when the insured driver is legally responsible.
- Also called: PD liability
-
Property of others coverage
Business insurance - Coverage for eligible property belonging to others while it is in the insured’s care, custody, or control.
-
Pro rata cancellation
General insurance - Policy cancellation in which the unused premium is generally calculated in proportion to the remaining coverage period.
- Also called: pro rata refund
-
Protection gap
General insurance - The difference between total economic losses from an event and the portion covered by insurance.
-
Protective safeguards endorsement
Home insurance - An endorsement requiring specified protective devices or procedures, such as alarms or sprinklers, to remain in service for coverage to apply.
- Also called: protective safeguards provision
-
Provider directory
Health insurance - A health plan’s list of doctors, facilities, and other providers in its network.
- Also called: network directory
-
Public adjuster
Claims - A licensed professional who may represent a policyholder in documenting and negotiating a property insurance claim.
-
Public adjuster fee
Claims - The compensation a public adjuster charges a policyholder for assisting with a first-party property claim.