First, we will start with the definitions of occurrence and property damage in the policy.
What does PD stand for?
PD stands for Property Damage (insurance)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PD
We have 132 other meanings of PD in our Acronym Attic
- Program/Project Development
- Programming Director
- Progressive Demokraten
- Progressive Disease
- Project Description
- Project Directive/Director
- Project Director
- Project Dolphin (GameCube nickname)
- Prom Date
- Propagation Delay
Samples in periodicals archive:
Even if the hurricane is only a Category 1 storm, it could cause area residents total property damage of over $2.
Under this decision, if the property damage is intended, even if it is intended because of a mistake, it is not covered.
In CHW009, First Union (NYSE: FTU) Offers Special Loan Help in the Event of Damage From Hurricane Floyd, moved earlier today, we are advised by the company that the first sentence in the first paragraph should read "First Union is offering special home improvement loans at below-market rates to residents who might suffer property damage from Hurricane Floyd," rather than "First Union is offering special home improvement loans at below-market rates to Florida residents who might suffer property damage from Hurricane Floyd," as originally issued.
They may be covered by either the property damage or loss-of-income policy provisions.
Both these scenarios raise the question, What constitutes property damage under third party commercial and comprehensive general liability policies?
It will insure lenders against a loss between the loan balance on the date of a property damage loss from an insured peril and the total insurance proceeds received due to property damage, if the same size building cannot be rebuilt due to zoning ordinances on the date of the property damage.
The reasoning that supported a triple-trigger finding for bodily injury resulting from ingestion of a toxic chemical does not apply to either first- or third-party property damage cases where damage is caused by a long-continuing condition.