Sentences with phrase «residual bodily injury and property damage liability»

And residual bodily injury and property damage liability takes care of your legal defense expenses and any financial damages you are forced to any in a judgment following an auto accident, up to the policy's maximum financial limits [1].

So between a driver's mandated coverage (personal injury protection, property protection, and residual bodily injury and property damage liability coverage) and the Michigan Catastrophic Claims Association — which is a special fund set up to cover what insurers won't — victims of a crash receive unlimited medical coverage for as long as they need it.

Motorists in Michigan are required to purchase no - fault auto insurance that includes personal injury protection (PIP), and property protection (PPI) with residual bodily injury and property damage liability (BI / PD).

Not exact matches

The three mandatory aspects of the required coverage are personal injury protection (PIP), property protection (PPI) and residual bodily injury & property damage (BI / PD) liability insurance.

The residual liability insurance portion of a basic policy — also referred to as bodily injury and property damage liability — is designed to pay for other people's injuries or property damage when the policyholder is responsible for the accident, but only under certain circumstances.

The «liability premium» shall include the premium for personal injury protection (no - fault), for residual bodily injury liability (B.I.) and for property damage liability (P.D.), at the limits of coverage purchased by the insured.