Insurance
Third-Party Property Damage — Claim Paid
Paying a third party directly for vehicle or property damage caused by the insured.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Outstanding Claims Reserve — TPL PD | Liability (-) | 3,500.00 | - |
| Cash / Bank | Asset (-) | - | 3,500.00 |
💡 Accountant's Note
TPL property damage claims are typically settled faster than bodily injury. Payment goes directly to the damaged third party, not to the insured policyholder.
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