What Does PLPD Cover on an Insurance Policy?
PLPD stands for public liability and property damage. It's the required liability section of your automobile insurance. All states but New Hampshire have laws in place or ready to begin which make that type of insurance mandatory.
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Significance
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You're responsible for paying for any damages to other people for injury or damage to their property if you cause an automobile accident. Liability insurance, PLPD, does that.
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Personal Liability
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The personal liability section on split limits has two numbers. In an insurance policy with coverage of 100/300/50, the 100 covers up to $100,000 worth of bodily injury per person per accident. The 300 means the maximum per accident the policy pays is $300,000.
Property Damage
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In the example, 100/300/50, the 50 means that the company pays up to $50,000 in property damage. Single limits of PLPD just have one number, such as $300,000. It doesn't matter how you divide it between injured people or property damage, $300,000 is the maximum payment.
Uninsured/Underinsured
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Uninsured/Underinsured motorist coverage is part of the PLPD package. It pays for your damages if a driver without adequate insurance hits you.
Lawsuits
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If someone sues you because you caused an accident that damaged property or caused injury, the insurance company provides legal council for court.
Medical Payments
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One section of the liability protection is medical payments. This pays for your passengers and your medical bills regardless of fault. Normally it's a smaller amount of coverage.
References
- Photo Credit "Honey, Wash The Car Please." is Copyrighted by Flickr user: peasap (Paul Sapiano) under the Creative Commons Attribution license.
