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What is Property Damage Liability?

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What is Property Damage Liability?

What is Property Damage Liability?

What is Property Damage Liability?

In the event you cause an accident involving another vehicle or someone else’s property, property damage liability insurance would cover any damages you are held responsible for. Whether it be another person’s car or a fence that needs repairs, the property damage liability insurance will take care of it.

Be aware that property damage liability does not generally cover damage to your own vehicle or property, and you should consider opting for collision coverage to help cover the cost of repairing your own vehicle.

Is Property Damage Liability Required?

Every state requires drivers to carry property damage liability coverage and the minimum coverage required varies by state. You should choose your coverage amount carefully, as too little means you may have to pay any expenses above your coverage limit out of pocket, but the higher amount of coverage you have, the more your premium will be. Find a happy medium you feel good about. If you’re not sure, talk to your insurance agent who will let you know what they recommend based on where you live and what you can afford.

While none of us ever plans to cause an accident, the truth is, they happen. Protect yourself and make sure you have appropriate coverage to fix any damages you cause.

Here is an independent agent at Cronin Insurance Agency to explain Property Damage Liability in detail: