Question

Under the Voluntary Property Damage coverage you are insured for claims:

a) For property you or your tenants own or rent.
b) For losses covered under the Building coverage of the policy.
c) Resulting from the ownership, use or operation of automobiles or watercraft.
d) Resulting from the unintentional direct damage you cause to other people's property even though you are not legally liable.

Answer 1

Voluntary Property Damage coverage insures you against unintentional direct damage you cause to other people's property even when you're not legally liable, differentiating it from coverage for property you own or operate, such as automobiles and buildings.

Step-by-step explanation:

Voluntary Property Damage coverage is a form of insurance that pays out when you unintentionally cause direct damage to someone else's property without legal liability. This is distinct from situations where you might be legally liable for damages caused, such as in the use or operation of automobiles or watercraft. Insurance policies often have specific inclusions and exclusions. Under Voluntary Property Damage coverage, the policy does not typically cover property that you or your tenants own or rent, and it does not generally respond to losses covered under the Building coverage of the policy. This type of insurance is beneficial in scenarios where accidental damage is done, and helps ensure that the policyholder can address the damage without having to navigate complex legal liability questions.