An item of coverage in an Automobile Liability policy which agrees to indemnify the policyholder for loss incurred through legal liability for damage to property of others caused by accident arising out of ownership or operation of an automobile (See also Liability )
(Dommages aux biens or Dommages matériels) In insurance this generally refers to damage to physical property of others as distinct from personal injuries to others It is commonly written in conjunction with such public liability or personal injury insurance
This coverage will pay for the other party's car, yard or other damage which you have caused Limits are 25/50/25
damage occurring to property through an accident, abuse, negligence, or act of God
Physical injury to, destruction of or loss of use of tangible property (of other party)
(Transportation) Damage to the residence or property of the employee by the carrier personnel while performing loading or unloading services in transporting household goods
Physical injury to or destruction of tangible property covered by your policy including the loss of use of that property Back
Damage or destruction including loss of use of a Third Party's property Reduction in value is the measure of Property Damage
Covers damage caused by the insured to someone else's property For example a vehicle, building, or guard rail
Coverage for damage you cause to objects (not including your own car) such as the other party's car, a utility pole, guardrail, residential fence, etc
Injury to or destruction of tangible property including the loss of use of property
Damage to another person's property The purpose of liability insurance is to cover property damage to a third party resulting from the negligent or intentional acts of an insured
costs to repair or replace damaged vehicles and property including the costs of damage compensation
Damage to the home, lawn, driveway, landscaping or other property of the customer by the driver during the loading or unloading of the shipment or damage to property due to an accident
Type of loss covered under many liability contracts Includes the insured's liability for damage to the property of others or loss of use of another's property
Property Damage Liability is insurance coverage that pays to repair or replace other people's property that has been damaged by the insured or someone else who is covered in the policy Property Damage Liability coverage does not pay for damage to the vehicles Liability (BI) and Property Damage (PD) together are often referred to simply as Liability Insurance Most state laws require that all drivers carry liability insurance or offer other proof that they are financially able to pay any damage for which they might be found liable
Damage to tangible property In insurance, people often refer to Property Damage as the coverage afforded for financial protection against damage to anothers property resulting from an accident