PLPD is sometimes broken down into two distinct categories of coverage: PL, the personal liability component, and PD, property damage coverage. (thebalance.com)
The figure also does not speak to the ability of an individual to generate income from the asset components of their net worth, nor does consider the rates of interest associated with the liability component. (dividendsinhand.com)
The liability component might be the biggest reason to get renters insurance because it can protect you from huge financial losses, Hungelmann says. (insurancequotes.com)