What is PROPERTY DAMAGE LIABILITY in Auto Insurance?

1
What is PROPERTY DAMAGE LIABILITY in Auto
Insurance?

• 
  www.winsurtech.com

2
Property Damage Liability

• Among various types of coverages, Property Damage
  Liability coverage is very common and popular.
  Damage caused to somebodys property by an
  insured person is put under Property Damage
  Liability. This liability coverage is present in
  various types of insurance like Homeowners
  Insurance, vehicle insurance, etc.

3

Property Damage Liability in Auto Insurance

• Drivers are need to have Property Damage
  liability coverage by law. It covers the cost of
  injury caused to others whether it is their car,
  house, or another kind of personal property.
  Coverage for ones own property is covered in
  comprehensive and collision coverage for which
  separate payment is done. Property damage
  coverage helps to make sure that a driver is able
  to assume some financial responsibility for
  damage caused in an accident where the driver is
  considered to be at fault.

4
Coverage

• Various things are covered in Property Damage
  Liability. Repairs for damage occur to the other
  persons vehicle along with fixing up of damaged
  businesses, houses, fences, lamp posts, etc are
  included in this coverage. Except this, attorney,
  court, legal fees incurred for the claim, and
  lost income, or any other recurring expenses from
  damage are also covered.

5
How much coverage should a driver have?

• A driver must have a specific minimum amount of
  liability coverage as described by the state.
  Mostly , property damage liability and bodily
  injury liability coverage are needed by a state.
  All the states have different minimum amount
  hold.

6
How is a property damage liability claim filed?

• The insured isn't the one to form a claim against
  your policy during this sort of insurance because
  the insured is at the fault of damaging another
  partys property and this is often the property
  that's covered within the insurance. So property
  damage claims are generally files as third party
  automobile insurance claims, where a 3rd party
  makes an claim against the policy of the person
  guilty. the utmost amount an insurance firm pays
  because the results of any single accident is
  described by the bounds of property damage
  coverage.

7
FOR MORE VISIT-
https//winsurtech.com/
EMAIL US AT-
contact_at_winsurtech.com