What Is Personal Liability and Property Damage?
Personal Liability and Property Damage is a common insurance term that is often abbreviated as PLPD.
This coverage is common in many policies but it is not often clear what it really covers.
This is a very important part of a vehicle's insurance.
Understanding what PLPD is can aid you if you have to make a claim due to an accident by saving you money on insurance.
What is PLPD? There are two categories of coverage in a PLPD.
The first, PL is for personal liability while the PD is for property damage.
It is important to note that deductibles do not apply to either parts of PLPD coverage unless you are determined to be at fault in the accident for which you are making a claim for.
Your insurance rates may go up if you are at fault but you will not be responsible for a deductible in property damage or in a liability type of claim.
PL stands for Personal Liability.
If you are a negligent driver or if you are deemed to be at fault while in an accident, you will be liable.
If you have personal liability coverage it will cover the other party's pain, injuries, or suffering if you are found to be at fault.
The liability is usually written as a fraction in your insurance policy papers.
The term can look like this: 10,000/40,000 and is referred to as Bodily Injury in your policy.
The first number represents the amount that needs to be paid out per person while the second number represents the maximum number that needs to be paid out in case of an accident.
If there are more people who are injured or involved in an accident, the coverage works on a first come first serve basis.
This means that whoever files the claim first has the right to claim the stated limits on the policy.
An Example of Personal Liability: Dan is driving while on his cell phone and does not realize that he has just run a red light.
He collides with another vehicle two passengers.
Everyone sustains minor injuries in the crash.
Dan's personal liability limits are 100,000/300,000.
Both of the injured passengers decide to go after Dan's insurance company for $20,000 each for their physical pain and suffering.
Both receive $20,000 because Dan was at fault for running the red light.
The claim falls under the guidelines of less than $100,000 per person and not more than 300,000 per accident.
If the limits were exceeded for any reason, the claimants would be able to sue Dan personally to seek money for damages.
Personal Liability Facts: · State minimums vary · Coverage is always for the other party · Common limits are 100,000/300,000 PD stands for Personal Damage.
If you are involved in an accident and cause damage to property with your vehicle whether it be another vehicle, road signs, or real estate your policy will cover this under the property damage.
Property damage is included in all insurance policies.
If you check your policy papers this coverage is listed with the personal liability.
For example it would look like this: 100,000/300,000/100,000.
The last 100,000 refers to the property damage limit.
An Example of Property Damage: Sue is driving under extreme weather conditions and hits a patch of ice on the road.
Her car spins out of control and hits parked vehicle.
The damage to the parked car will be covered under the property damage coverage.
The vehicle will be repaired and no deductible will be required.
Property Damage Facts: · State minimums vary · The standard limit is 100,000 · Covers property to others that is damaged by your vehicle Your insurance policy may contain confusing terminology and complicated text that may discourage you from studying it carefully.
It is important to know the limits of the PLPD in your policy as it may aid you in case of a car accident.
Being familiar what this coverage provides may save you a lot of money while dealing with claims.
This coverage is common in many policies but it is not often clear what it really covers.
This is a very important part of a vehicle's insurance.
Understanding what PLPD is can aid you if you have to make a claim due to an accident by saving you money on insurance.
What is PLPD? There are two categories of coverage in a PLPD.
The first, PL is for personal liability while the PD is for property damage.
It is important to note that deductibles do not apply to either parts of PLPD coverage unless you are determined to be at fault in the accident for which you are making a claim for.
Your insurance rates may go up if you are at fault but you will not be responsible for a deductible in property damage or in a liability type of claim.
PL stands for Personal Liability.
If you are a negligent driver or if you are deemed to be at fault while in an accident, you will be liable.
If you have personal liability coverage it will cover the other party's pain, injuries, or suffering if you are found to be at fault.
The liability is usually written as a fraction in your insurance policy papers.
The term can look like this: 10,000/40,000 and is referred to as Bodily Injury in your policy.
The first number represents the amount that needs to be paid out per person while the second number represents the maximum number that needs to be paid out in case of an accident.
If there are more people who are injured or involved in an accident, the coverage works on a first come first serve basis.
This means that whoever files the claim first has the right to claim the stated limits on the policy.
An Example of Personal Liability: Dan is driving while on his cell phone and does not realize that he has just run a red light.
He collides with another vehicle two passengers.
Everyone sustains minor injuries in the crash.
Dan's personal liability limits are 100,000/300,000.
Both of the injured passengers decide to go after Dan's insurance company for $20,000 each for their physical pain and suffering.
Both receive $20,000 because Dan was at fault for running the red light.
The claim falls under the guidelines of less than $100,000 per person and not more than 300,000 per accident.
If the limits were exceeded for any reason, the claimants would be able to sue Dan personally to seek money for damages.
Personal Liability Facts: · State minimums vary · Coverage is always for the other party · Common limits are 100,000/300,000 PD stands for Personal Damage.
If you are involved in an accident and cause damage to property with your vehicle whether it be another vehicle, road signs, or real estate your policy will cover this under the property damage.
Property damage is included in all insurance policies.
If you check your policy papers this coverage is listed with the personal liability.
For example it would look like this: 100,000/300,000/100,000.
The last 100,000 refers to the property damage limit.
An Example of Property Damage: Sue is driving under extreme weather conditions and hits a patch of ice on the road.
Her car spins out of control and hits parked vehicle.
The damage to the parked car will be covered under the property damage coverage.
The vehicle will be repaired and no deductible will be required.
Property Damage Facts: · State minimums vary · The standard limit is 100,000 · Covers property to others that is damaged by your vehicle Your insurance policy may contain confusing terminology and complicated text that may discourage you from studying it carefully.
It is important to know the limits of the PLPD in your policy as it may aid you in case of a car accident.
Being familiar what this coverage provides may save you a lot of money while dealing with claims.
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