What does property damage liability cover on an auto insurance policy?
I currently have $50,000 in property damage liability coverage. Should I raise my coverage limits? What would happen if damage is above $50,000?
Apr 30, 2021
Answer provided by
Answered at Apr 30, 2021
Liability CoverageCar Insurance
“Property damage liability covers damage to another person’s vehicle or property if you are in an at-fault accident.
$50,000 in coverage means that your insurance would cover up to $50,000 in damages in an accident. For example, if you rear-end someone and cause more than $50,000 in damages to their vehicle, or total a car that’s worth more than $50,000, you are responsible for the remaining damage.
If you’re concerned that your limit is too low and you can afford to do it, you can certainly increase your limit. Most experts recommend that you carry enough coverage to protect your assets. If your budget allows for the increase in coverage, you won’t be harming yourself by buying additional coverage. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
What's the difference between property insurance and home insurance?
I've heard these two terms used interchangeably. Is there any difference between them?
Mar 12, 2021
How do I pay for my car insurance with electronic funds transfer?
I've heard EFT is fast, so it's my preferred payment method. How does it work when it comes to car insurance?
May 06, 2021