What is the definition of personal property when it comes to liability insurance?
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What is the definition of personal property when it comes to liability insurance?
My husband and daughter pulled into our apartment complex driveway. My husband thought the vehicle was in park he got out ran up the stairs in the meantime it was still in reverse and backed into our apartment complex garage. We have liability insurance. I’m wondering what the definition of personal property is. Is it only for vehicles or can it include home or a garage? Our apartment manager said our insurance won’t cover it in the meantime I’m trying to reach them and I have been unable to. Can you help?
Asked on February 16, 2016 under Accident Law, Montana
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
For a definitive answer, check the terms of the policy: insurance policies are contracts, and like all contracts, are governed by their specific terms. If there is a definition of personal property in the policy, that definition will control. If there is no defination and as a general matter, personal property is any physical property that is not real estate, so a home or a garage would *not* be personal property, because a home or garage is real estate.
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