Insurance Terms: P

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Package Policy are single insurance policies combining several coverage’s which may ordinarily or often be sold separately. Some companies package homeowner, auto and personal liability coverage any issue one package policy. Partial Loss is an insured loss involving less than the full value insured. A claim where less than the maximum amount of insurance coverage is needed. Performance Bond In general … Continue reading