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Third-Party Property Damage Limit (Motor)

This is the most a motor insurance policy will pay if the insured is legally liable for damage to someone else's property in a single incident. In Australia, common limits range from $20 million to $30 million. Commercial vehicle policies may offer higher limits.

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This is the most a motor insurance policy will pay if the insured is legally liable for damage to someone else's property in a single incident. In Australia, common limits range from $20 million to $30 million. Commercial vehicle policies may offer higher limits.

Related Term

All Category

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