The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
Passive Restraint System: A system that protects passengers of a motor vehicle and is engaged automatically,
such as, air bags.
Payment Plans: The variety of methods and frequency available for remittance of insurance premiums.
PD: A common abbreviation for Property Damage Liability.
Peril: A potential cause of loss.
Personal Auto Policy: An automobile insurance policy designed for individuals as opposed to a business or
company.
Personal Injury Protection (PIP): That section of an auto insurance policy in a No-Fault state that pays for bodily
injuries, loss of income, and funeral expense after an accident regardless of fault.
Personal Lines: The variety of insurance coverage available to individuals as opposed to a business or company.
Physical Damage: That portion of insurance coverage on an automobile policy that reimburses for damage to the
automobile for a covered peril.
Policy: The written contract between an insurance company and the policyholder.
Policyholder: The individual or entity that has entered into an insurance contract with a company.
Premium: The dollar amount charged to a policyholder for an insurance contract.
Primary Insurance: The first policy to apply after a loss as opposed to excess insurance.
Proof of Loss: Document demonstrating a loss has occurred to the claimant.
Property Damage Liability Coverage: Insurance coverage that pays on behalf of the policyholder for property
damage that the policyholder becomes legally obligated to pay.
Pro Rata Cancellation: A cancellation that results in a return of premium to the policyholder without a penalty.
Producer: A term associated with the person responsible for selling insurance i.e. agent, employee.
Professional Insurance Agents (PIA): “Voluntary, membership based, trade association representing
professional independent insurance agents throughout the United States.” www.pianet.com
Progressive Insurance: One of the leading auto insurance companies offering top quality insurance to all of
Florida.
Prospect: A potential buyer of an insurance policy.
Proximate cause: The dominate cause of loss or damage which, in an unbroken sequence, results in direct
physical loss under an insurance policy.
Public Adjuster: An individual or firm that represents an insured or claimant against the insurance company after a
loss.
Punitive Damages: The purpose of punitive damages is to punish a defendant and to deter a defendant and
others from committing similar acts in the future.
Passive Restraint System: A system that protects passengers of a motor vehicle and is engaged automatically,
such as, air bags.
Payment Plans: The variety of methods and frequency available for remittance of insurance premiums.
PD: A common abbreviation for Property Damage Liability.
Peril: A potential cause of loss.
Personal Auto Policy: An automobile insurance policy designed for individuals as opposed to a business or
company.
Personal Injury Protection (PIP): That section of an auto insurance policy in a No-Fault state that pays for bodily
injuries, loss of income, and funeral expense after an accident regardless of fault.
Personal Lines: The variety of insurance coverage available to individuals as opposed to a business or company.
Physical Damage: That portion of insurance coverage on an automobile policy that reimburses for damage to the
automobile for a covered peril.
Policy: The written contract between an insurance company and the policyholder.
Policyholder: The individual or entity that has entered into an insurance contract with a company.
Premium: The dollar amount charged to a policyholder for an insurance contract.
Primary Insurance: The first policy to apply after a loss as opposed to excess insurance.
Proof of Loss: Document demonstrating a loss has occurred to the claimant.
Property Damage Liability Coverage: Insurance coverage that pays on behalf of the policyholder for property
damage that the policyholder becomes legally obligated to pay.
Pro Rata Cancellation: A cancellation that results in a return of premium to the policyholder without a penalty.
Producer: A term associated with the person responsible for selling insurance i.e. agent, employee.
Professional Insurance Agents (PIA): “Voluntary, membership based, trade association representing
professional independent insurance agents throughout the United States.” www.pianet.com
Progressive Insurance: One of the leading auto insurance companies offering top quality insurance to all of
Florida.
Prospect: A potential buyer of an insurance policy.
Proximate cause: The dominate cause of loss or damage which, in an unbroken sequence, results in direct
physical loss under an insurance policy.
Public Adjuster: An individual or firm that represents an insured or claimant against the insurance company after a
loss.
Punitive Damages: The purpose of punitive damages is to punish a defendant and to deter a defendant and
others from committing similar acts in the future.
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Florida Auto Plus Insurance, Simply the best.
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Local map and directions: 9742 Banyan street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Clifford J. Schimek - Lower your car insurance cost for life.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.
Clients enjoy a level of personal attention and first class service that most other agencies simply cannot match.
I want to be your personal local Florida auto insurance agent and earn your trust and respect.
Searching for Auto Insurance Florida, look no further.
| Florida Insurance Glossary Terms "P" Florida Auto Plus Insurance Agency - "Lower your Florida car insurance cost for life" |