Property damage liability coverage is part of an auto insurance policy. Help pay for repairs to damage you cause to someone else’s property or vehicle.
Can you imagine hitting a car of the year with your vehicle? To be sure, few people have the budget to take on that responsibility!
And it is that if you own a vehicle and using it hits another car or property. It would help if you were liable for the damages. That is called Civil Liability.
To support you with the costs, this insurance was created, which does not discriminate the age of the vehicle, nor does it require its inspection, and it can be purchased quickly and immediately.
Its price varies depending on the type of car and is paid once a year.
What to do in case of an accident?
In the event of an accident, the insured must comply with the following conditions:
- Call the INS at 800-800-8000 and the competent authority.
- If the insured cannot call or remain at the event location, they will have seven business days to formalize the accident notice from the day after the event or the day the force majeure circumstance ended.
Property damage liability coverage is required by law in most states. It generally helps pay for repair costs if you caused a car accident that damaged another vehicle or property, such as fences or building facades. Property damage liability coverage generally does not cover damage to your car. You may want to consider other coverages, such as collision coverage, which helps cover the cost of repairing your vehicle.
QUALITY COVERAGE FOR YOUR CAR BEGINS HERE.
When you drive with quality coverage, you drive with peace of mind. Allstate auto insurance can help keep you protected wherever you go.
HOW MUCH PROPERTY LIABILITY COVERAGE SHOULD YOU HAVE?
Each state requires each driver to have a specific minimum liability coverage limit. States generally require property damage liability coverage and bodily injury liability coverage.
Mandatory coverage limits differ from state to state. For example, drivers must have at least $5,000 of property damage liability coverage in California. The minimum amount for property damage liability coverage in Texas is $25,000.
A limit is a maximum amount your policy will pay for a covered claim. You can choose the limits of your liability coverage when you buy auto insurance or adjust it later with the help of your agent.
ASSESS YOUR PROPERTY DAMAGE LIABILITY LIMITS
You will generally have the option to set higher limits than the minimum set by your state. For example, if you choose a coverage limit of $10,000 and the damage amount exceeds that, you may have to pay the difference out of pocket. Having a higher limit on your liability coverage could help you avoid paying out of pocket for an accident you caused.
The higher you set your coverage limits, the higher your insurance premium. When considering how high your limits should be, it’s good to discuss your options with a local insurance agent.
These are damages of an economic nature. Some examples are:
- Economic damages due to the loss or deterioration of an asset. For example, the car was damaged after being hit by a person who was speeding.
Special damages may also include an item for lost profits.
