If I caused $15k worth of property damage but have a $10k coverage limit, am I responsible for the difference?

"I was testing the limits of my car and crashed into a parked vehicle. If the amount of damage exceeds my coverage limit, do I still have to pay?"

Answer
“You are technically responsible for the difference, though you might not have to pay. If the other driver has underinsured motorist coverage, that could cover the difference between your policy limits and the cost. They might also choose to use their comprehensive insurance to cover the cost of repairs.
In the future, you might look for a policy with a higher limit. You can shop different types of insurance with the top 45 companies using the Jerry app.”
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Sophie Newman
Answered on Jul 27, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
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