What does ADP mean in UNCLASSIFIED
Accidental Damage Protection (ADP) is an insurance policy that covers damages to a person's property or equipment due to unforeseen circumstances. ADP can be purchased for anything from electronics to automobiles, and it can come in the form of either a one-time fee or a monthly payment.
ADP meaning of the Abbreviation is...
ADP mostly used in an acronym Unclassified in Category Miscellaneous that means Accidental Damage Protection
Accidental Damage Protection
For more information of "Accidental Damage Protection", see the section below.
Essential Questions and Answers on Accidental Damage Protection in "MISCELLANEOUS»UNFILED"
What does ADP cover?
ADP covers any damages to personal property or equipment due to unexpected events, such as fires, floods, and accidents. It does not cover intentional damage or natural wear and tear.
Does ADP cover repairs?
Yes, ADP will typically cover the cost of any necessary repairs to your property/equipment caused by an accident.
Is there a deductible I have to pay with ADP?
Yes, most ADP policies have a deductible you are required to pay before the insurance company will start covering the costs of damages or repairs. The amount of the deductible varies depending on the policy you chose.
Is there a limit to how much coverage I can get with ADP?
Most policies set a maximum coverage limit, which is usually determined by the value of the item being insured. You may also be able to purchase additional coverage if needed.
How do I file a claim with my ADP policy?
Filing a claim with an ADP policy is fairly simple - just contact your insurer and provide them with all the relevant information regarding your incident and they will handle it from there. They will likely ask for proof of ownership as well as proof that you did indeed suffer an unexpected loss due to accidental damage.
Accidental Damage Protection is an excellent way for individuals to protect their personal property or equipment against unexpected events that could lead to costly damages or repairs. Be sure to carefully read through any policies you are considering before making your decision so that you understand exactly what is covered and what isn't covered under your particular plan.