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What Are The Differences Between PL/PD, Collision, And Comprehensive Auto Insurance?

The graphic has a background of Colorado mountains and has the title of the blog, which reads, "What Are The Differences Between PL/PD, Collision, And Comprehensive Auto Insurance?
Carl Pash

Carl Pash

Carl Pash is the President of Alliance Insurance of the Rockies and has over 25 years of experience working with insurance claims. Carl has a mission to match customers with the best insurance products through personally getting to know his customers, allowing him to protect their financial security.

PD refers to Property Damage. PD Insurance coverage protects the insured for any damage they are legally liable for should they damage another person’s property. Both auto and homeowner policies offer PD coverage. There will be a specific limit chosen by the insured for this coverage. The limit refers to the maximum amount the policy will pay for the loss. A PD policy does not cover injury to a person, which coverage is instead under the bodily injury coverage on an auto insurance policy. Therefore, we do not usually see a deductible on liability claims such as property damage or bodily injury.

Collision coverage is for damage to your auto if it collides with another object. Collision coverage pays for the cost of the repairs to your vehicle, less your deductible amount when you took out the policy that you chose.

Comprehensive coverage covers almost everything other than collision. The typical items covered under this are hail, fire, theft, vandalism, and when someone hits an animal with their vehicle. It also covers glass loss claims such as cracked or chipped windshields. The amount covered in a glass loss claim is also subject to a deductible chosen. Some insurance carriers offer a reduced or no deductible for glass claims. But, again, you would have to check with the individual insurance carrier.

The amount your insurance company will pay out for comprehensive coverage will depreciate over time, so if you own a collector vehicle, you may want to look into classic car insurance.

BI refers to Bodily Injury coverage. If you are found legally liable for physical injury caused by your insured automobile or at an event your homeowner’s policy may cover, this coverage would come into play. Auto accidents are the most common time we see this coverage. We mostly see BI with dog bites or slip-and-fall claims for homeowners’ policies. Usually, deductibles don’t apply for claims on personal policies.

PL insurance refers to Professional Liability Insurance. We sometimes hear this referred to as Errors and Omissions coverage. Many professions carry this coverage as a requirement. It’s important to know the difference between various types of auto insurance and the risks of not carrying auto insurance.

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