What is Third-Party Property Damage (PPL) | Insurance glossary by upcover

Third-Party Property Damage (PPL) refers to physical damage to, destruction of, or loss of use of tangible property belonging to third parties that arises from defects in products manufactured, supplied, or distributed by the insured. Products liability insurance covers the insured's legal liability for such property damage, subject to policy limits and exclusions. Damage to the defective product itself is typically excluded.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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