This coverage can sometimes be abbreviated as TPPD. Third Party Property Damage Coverage for Events and Productions is insurance that covers others peoples’ property (real property location) while it is in the care,custody, and control of the Production Company or Event. TPPD Insurance is location specific and you should scout your locations with this in mind as you may be required to purchase this insurance. Third Party Property Damage for Productions or Events also has varying coverage limits that can drastically increase your total premium depending on the size of the production budget.