Probationary Period

A period from the policy date to a specified time, usually 15 to 30 days, during which no sickness coverage is effective. It is designed to eliminate a sickness actually contracted before the policy went into effect.
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MEDICAL, US: See: eligibility waiting period.

Producer

US: A term commonly used for an agent, broker, or other insurance representative who has responsibility for selling insurance.
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A term for a person who sells insurance; for example, an agent.
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A term identifying the insurance agent, field rep, or other employee who sells insurance.
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An Agent for an insurance company.

Property Damage Coverage

An agreement by an insurance carrier to protect an insured against legal liability for damage by an insured automobile to the property of another.
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An insurance policy that pays for damage caused to the property of others, including cars, as a result of a motor vehicle accident. Property damage coverage is often mandatory.