Peril
The cause of damage or injury such as fire, vandalism or an animal.
Personal Injury Aggregate Limit of Liability
Maximum annual amount of insurance coverage to protect you from lawsuits over issues like defamation, libel, false arrest, etc.
Personal Injury Protection (PIP)
Pays for your medical expenses, work loss, funeral expenses, and survivor benefits after an accident.
Personal property
The personal belongings you own in your home, such as your couch, TV, laptop, and clothes.
Policy period
The period of time insurance protection is granted.
Premium
The price of insurance protection.