Property Damage Liability Coverage (PD LIAB)

With an auto policy this kind of coverage helps to protect you up to the policy limits in case you are considered to be to blame in an accident. This coverage is among the most basic types of coverage with car insurance polices. Apart from New Hampshire and Wisconsin, all states and the District of Columbia require drivers to get this type of liability coverage.

Minimum Property Damage Liability Coverage

Minimum property damage liability coverage amounts differ by state. California, Massachusetts, New Jersey, and Pennsylvania have minimum coverage levels of $5,000 per accident while a few states have minimum coverage levels of $25,000 per accident. Many states require minimum coverage amounts between $10,000 and $15,000 for each accident. Texas has a minimum coverage level of $25,000 for PD.

Car repairs can be quite costly. What seems to be a little dent may cost 1000s of dollars to repair. Motorists need to get the amount of coverage they can afford. The minimum property damage policy limits tend to be grossly insufficient after a major accident.

If the damage involved in an accident surpasses your policy limits, it may be substantial enough to force you to liquidate property, personal savings, other property, or your future earnings to cover the damage. It is crucial that drivers have sufficient coverage to protect their assets.