Getting The Best Deal on PLPD Car Insurance
If you’ve been doing a little research and have been confronted by the term “PLPD” a few times, you’re not alone in wondering what it really means. The reality is – PLPD is an often misunderstood part of the auto insurance industry. Fully understanding what PLPD stands for and what it really means could actually save you money on auto insurance in the long-run. We’re going to look at PLPD more closely so you can choose the right auto insurance policy for you.
What is PPLD?
PLPD is actually two abbreviated terms joined together – PL and PD. The PL part refers to personal liability while the PD refers to property damage. PLPD is a common car insurance term in some areas, but some customers and even insurers have been known to use it incorrectly.
PLPD insurance helps protect you in instances where you have been found at fault for either personal liability claims or property damage. Without this insurance, you might not be covered in such instances and could be liable for major financial costs.
Personal liability refers to being at fault in an accident with another vehicle, often due to negligence. Your liability in such an incident would cover the other person’s injuries and other costs such as suffering. On your insurance policy, the liability will often be set out as a “bodily injury” with a maximum payout both per person and per accident.
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This is an important distinction, because in incidents where awards (by a court or other arbiter) are more than the maximums stated in your policy, you could be liable for the difference personally. That’s why having high personal liability amounts in your PLPD insurance policy is so important. If you policy maximum payout per person is only $30,000 – and you are found liable for $50,000 after an incident – you could be pursued personally for the difference.
The maximum personal liability per accident in your PLPD insurance policy is also important. Even if you are covered for each personal amount, if there were 4 or more people involved in the incident, this may not be covered by the maximum. For example, some insurance policies may list $30,000 per person and $90,000 per accident as maximum personal liability payouts. If you are involved in an incident that affects four other people at $30,000 each, you will not be covered for the whole $120,000 – leaving you liable for the difference again.
Minimum amounts for PL can vary from state to state. If you’re looking for a comprehensive personal liability plan – it’s recommended to look for one with limits of 100,000 and 300,000. For extra peace of mind – you could go for a higher limits but the policy will probably cost you more each month.
Property damage is the other part of the PLPD abbreviation. This refers to any damage to other property with your vehicle. “Property” in this sense includes houses, other vehicles, street signs, mailboxes, or anything you might damage that belongs to someone else. Property damage coverage is included in most, if not all, comprehensive vehicle insurance policies.
Again, your property damage coverage will be set out in a similar way to your personal liability amounts. With a PLPD policy of $30,000/$90,000/$40,000 – the last figure ($40,000) refers to how much property damage you’re covered for. You won’t normally need to be covered for quite as much as with a personal injury claim. As with personal liability, you’ll be liable for any claim over and above the maximum limit. If you consider the value of many cars on the road today – you might want to increase your property damage limit in case you’re involved in an incident with something expensive. We recommend looking into full coverage auto insurance for more coverage. On the other hand if you want cheaper insurance, but with less coverage you might be interested in very cheap car insurance no deposit.
How to find the best PPLD insurance
Many insurers rely on policy holders not looking through the entire policy – so understanding what these terms really mean can put you ahead of the field. For something as important as auto insurance, it’s equally important that you know both what you’re paying for – and what you’re covered for. That’s why researching terms like PLPD is so helpful.
If you find your PLPD limits lacking, you might want to shop around for a better insurance policy. Try querying your specific limits to see if they can be changed without too much of an increase to your policy cost. Some bespoke insurers will tweak your limits for specific individual policy holders – so that could be something you can benefit from.
If you’re looking for comprehensive PLPD insurance quotes – you can use the handy tool on this website to find who has the cheapest auto insurance offers, quickly and easily. Simply enter your vehicle and location and we’ll do the hard work for you.