From Yahoo Finance: 2025-05-28 12:35:00

Property damage liability insurance covers damage to others’ property in car accidents. It’s essential to know your coverage limits and what’s included. This insurance pays for repairs or replacement of vehicles, personal belongings, buildings, landscaping, and more. Make sure you have adequate coverage to protect yourself financially.

If you cause an accident, property damage liability insurance pays for repairs to other people’s property. Collision insurance, on the other hand, covers repairs to your vehicle after an accident, regardless of fault. Collision insurance has a deductible, while property damage liability does not.

Your property damage liability insurance won’t cover repairs to your vehicle or medical expenses. It also doesn’t pay for intentional acts. It’s crucial to understand your auto insurance policy’s limits and ensure they are sufficient to protect your assets in case of an accident.

Umbrella insurance provides additional liability coverage beyond auto and homeowners policies. This coverage kicks in when costs exceed your existing policy limits. It’s essential to have adequate insurance to protect yourself from potential financial liability in case of an accident.

Different types of auto insurance coverage exist, including bodily injury liability, collision, comprehensive, uninsured motorist, personal injury protection, and more. Understanding the various coverages available can help you choose the right insurance to protect yourself in case of an accident.

Read more: What is property damage liability insurance, and how does it work?