Insurance Terms Defined – Personal Liability and Property Damage (PLPD)
The insurance industry is full of all kinds of terms and jargon. Have you ever felt confused when reading your policy or doing research? You’re certainly not alone. Which is why we started defining common insurance terms here on the blog, in addition to the glossary of insurance terms we have listed for you over here.
Have you ever come across the acronym PLPD and wondered what that means? In this post we’re going to look at a term common in car insurance parlance – Personal Liability and Property Damage or PLPD.
Personal liability refers to any damage that you may cause to another, such as causing bodily injury, when operating your vehicle. Property damage is pretty self-explanatory, encompassing any damage that you would cause to another’s property while driving your car. This includes damage to another’s car. So PDLP is simply one of the terms (apparently it was more popular in the past) that can be used to describe this type of coverage that applies to any damage to another person or their property.
Other common terms used instead of PLPD are Third Party Liability or One-Way Auto Insurance.
This type of coverage is required in Ontario for car insurance coverage.
There are four types of coverage that are required to drive a car in our province: Third Party Liability, Accident Benefits, Direct Compensation, and Uninsured Automobile. Learn more in this post: What Is Mandatory for Car Insurance Coverage in Ontario?
We have provided the definitions in this blog post for general information purposes only. They are not meant to be complete descriptions to cover any and all terms, conditions and exclusions that are found in different insurance policies. If there is any inconsistency between this information and the definitions in your policy, it is your policy that governs. Contact your insurance broker if you have any questions or need any clarification about your particular policy and the definitions therein.
Image source: FreeDigitalPhotos.net | Stuart Miles