Property damage liability insurance pays for the damage you cause to someone else’s property in a car accident. The insurance covers damage to other cars, buildings and structures, like fences and telephone poles. It can also cover legal fees if you’re sued for the same types of damage. However, property damage liability won’t cover injuries... Ben Moore writes for NerdWallet.
Property Damage Liability: What It Is And How It Works
Ben Moore, NerdWallet.com
Fri, 10/21/2022 - 10:18am
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- PIP vs. Property Damage Liability Insurance
PIP pays for the policyholder’s medical bills after an accident, while property damage liability covers other people’s property damage in accidents that the policyholder causes. Nearly all states require property damage liability insurance, but only 13 states require PIP. Differences Between PIP and Property Damage Liability Insurance
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Property damage liability car insurance pays for other people’s property damage after accidents that the policyholder causes, up to the limits of the policy, and it does not require the policyholder to pay anything out of pocket. Although there isn't a deductible for property damage liability insurance, a claim will cause a driver's rate to ...
12/25/2024 - 12:22 am | View Website - Bodily Injury Liability: All You Need to Know in 2024
Bodily injury liability insurance is a standard part of full coverage, in addition to property damage liability, collision, and comprehensive coverage. To be clear, full coverage is not a specific type of insurance but rather a blanket term referring to any policy that includes comprehensive and collision insurance in addition to state minimum ...
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Property damage liability car insurance pays for other people’s property damage after accidents that the policyholder causes, up to the limits of the policy, and it does not require the policyholder to pay anything out of pocket. Although there isn't a deductible for property damage liability insurance, a claim will cause a driver's rate to ...
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Uninsured motorist property damage insurance is commonly purchased with underinsured motorist property damage insurance, which applies when the at-fault driver is insured but does not have enough liability insurance to cover the policyholder’s expenses.
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