Premises occupied by a number of different tenants. The situation may present fire hazards due to: 1. Trades of widely different character under one roof. 2. Different standards of cleanliness. 3. Frequent changes of tenants without notice to the insurer. 4. Poor upkeep of fire extinguishing appliances in the absence of clear responsibility. 5. Risk of insecure and badly kept heating appliances in some parts of the building. If there is no fire division between the individual risks, the rate for the whole is fixed by reference to the highest-rated tenant.
Insurance Encyclopedia
Plurality of risk
This exists when a fire insurance covers more than one building or range of buildings each with its own separate sum insured.
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There is said to be plurality of risk where a fire insurance policy covers more than one location or set of property.
Plus sign (+)
In the CPT code book, symbol that precedes a code number indicating the code may be reported in addition to the parent or primary procedure code number. Add-on codes are never reported for stand-alone services but are reported secondarily in addition to the primary procedure. Also see add-on code.
Pluvious insurance (Property Insurance)
Another term for rain insurance. Insurance that covers losses stemming from an event held outside being cancelled due to rain.
Pluvius insurance
See: WEATHER INSURANCE.
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Insurance in respect of loss arising from adverse weather conditions, notably heavy rainfall which causes the cancellation of an outdoor event.