This endorsement offers more coverage on the insured inventory during peak seasons. The dates this increased coverage applies are listed in the endorsement.
Insurance Encyclopedia
Peak Value Clause
Marine cargo clause applied to cotton cargoes providing that the sum insured will be based on the highest value in the cotton market at the time of loss.
***
A clause used in cargo insurance on cotton which provides that the sum insured shall be the peak value pertaining in the cotton market at the time of loss.
PEC
See: preexisting condition (PEC).
Pecuniary loss insurance
Pecuniary means ‘relating to money’. Pecuniary loss insurances are those that protect the insured’s financial rights or interest such as revenue or receivables. This includes: business interruption insurance, book debts, legal expenses and fidelity guarantee.
Pedal Cycle Insurance
Insurance protection for loss of or damage to pedal cycle by accidental external means, burglary, housebreaking or larceny, Fire, lightning or explosion. Policy also cover the insured’s third party liability.
Pediatric oncology
Study, diagnosis, and treatment of diseases and disorders of the blood and cancer in infants and children.
Pediatric patient
Individual who presents for medical services younger than 14 years of age.
Pediatrician
Physician specializing in the study, diagnosis, and treatment of disease and disorders of infants and children.
Pediatrics
Pertaining to preventive and primary health care and treatment of children and the study of childhood diseases.
Peer review
Review of a patient’s case by one or more physicians using federal guidelines to evaluate another physician in regard to the quality and efficiency of medical care. This is done to discover overutilization or misutilization of a plan’s benefits.