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Accidental physical damage coverage. $0 deductible for scheduled personal property claim (unless the policyholder chooses a higher deductible) How scheduled personal property coverage works.
The insured vehicle (physical damage) Third parties (car and people, property damage and bodily injury) Third party, fire and theft; In some jurisdictions coverage for injuries to persons riding in the insured vehicle is available without regard to fault in the auto crash (No Fault Auto Insurance) The cost to rent a vehicle if yours is damaged.
This coverage is designed to pay, fix or replace other people's property you damage in an accident, whether it's their car, motorcycle, boat, bicycle, fence, mailbox, trees or storefront.
It differs from property insurance in that a property insurance policy only covers the physical damage to the business, while the additional coverage allotted by the business interruption policy covers the profits that would have been earned. This extra policy provision is applicable to all types of businesses, as it is designed to put a ...
However, multiple-peril coverage is a broader, more inclusive term that includes coverage combinations like business automobile, which is a single category of coverage, but actually qualifies as multiple-peril coverage [2] as it may provide indemnification for the perils of liability, physical damage (property), and medical payments. [3]
Property damage liability: If you cause an auto accident, your property damage liability coverage is designed to help pay to repair or replace the driver’s vehicle. Damage that you cause to ...