Time of a business day in which wireless customers can expect to pay full-service rates.
Insurance Encyclopedia
Peak Risk
An exceptionally large insurance in a portfolio of smaller insurance.
Peak season endorsement
Instead of buying insurance amounts reflecting values at the height of inventory, some enterprises are able to forecast times when values will be at their peak and use this endorsement to increase the amount of insurance during that specific interval.
Peak season endorsement (Property Insurance)
This endorsement offers more coverage on the insured inventory during peak seasons. The dates this increased coverage applies are listed in the endorsement.
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.
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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.