Property Damage Liability Per Accident
What is Property Damage Liability Per Accident?
When it comes to auto insurance, one of the most important things that you need to know is the difference between property damage liability per accident and per person. Property damage liability per accident, also known as PDL per accident, covers the cost of damage to another person’s property, including their vehicle, if you are found to be at fault in an accident. It is important to understand the differences between this coverage and liability coverage per person, which covers the costs of damages to another person’s property, regardless of who was at fault in an accident.
What is Covered by Property Damage Liability Per Accident?
Property damage liability per accident covers the cost of repairing or replacing another person’s property if you are found to be at fault in an accident. This may include the cost of repairs to their vehicle, any items that were in the vehicle at the time of the accident, or even the cost of replacing a fence or other property that was damaged as a result of the accident. It is important to note that this coverage does not cover the cost of repairing or replacing your own vehicle, as this is typically covered by collision insurance.
How Much Property Damage Liability Per Accident Coverage Do I Need?
The amount of property damage liability per accident coverage that you need will depend on the laws in your state and the value of the property that could potentially be damaged in an accident. Most states have minimum requirements for the amount of coverage that you must carry in order to legally drive a vehicle, and it is important to make sure that you meet these requirements. If you are found to be at fault in an accident that causes more damages than your policy covers, you may be held liable for the remaining costs.
What is the Difference Between Property Damage Liability Per Accident and Per Person?
Property damage liability per accident covers the cost of repairing or replacing another person’s property if you are found to be at fault in an accident. Liability coverage per person, on the other hand, covers the cost of damages to another person’s property regardless of who was at fault in an accident. This type of coverage is typically required if you own a vehicle that is registered in a state that does not require you to carry property damage liability per accident coverage.
Do I Need Property Damage Liability Per Accident Coverage?
Property damage liability per accident coverage is typically required by law in many states, so it is important to make sure that you have the minimum amount of coverage required by your state. Even if it is not required by law, it is still a good idea to carry this coverage as it can provide you with protection in the event that you are found to be at fault in an accident. It is also important to remember that this coverage only covers the cost of repairing or replacing another person’s property, and not yours, so you will still need to carry collision coverage in order to protect your own vehicle.
Conclusion
Property damage liability per accident is an important form of coverage that can provide you with protection if you are found to be at fault in an accident. It is important to understand the differences between this coverage and liability coverage per person, and to make sure that you have the minimum amount of coverage required by your state. If you are found to be at fault in an accident that causes more damages than your policy covers, you may be held liable for the remaining costs, so it is important to make sure that you have the appropriate amount of coverage for your needs.
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