Car accidents can cause serious damage, and the costs to repair someone else’s vehicle or property can add up quickly. Fixing a car, replacing a fence, or repairing a damaged building can be thousands of dollars. For many people, paying those kinds of bills out of pocket would be impossible. That’s why state laws require drivers to carry a minimum level of auto insurance, including property damage liability coverage. These laws are meant to protect drivers from being hit with devastating expenses they can’t afford after an accident, making sure they have coverage to pay for the damage they cause.
Is It Important to Carry Property Damage Liability Coverage for All Vehicles?
Yes, it is important to carry Property Damage Liability Coverage for all vehicles. One of the main reasons is that, in most states, having this type of coverage is legally required. Drivers in Washington are required to carry at least $10,000 of property damage liability coverage as part of their auto insurance policy.
Without property damage liability coverage, you could face legal penalties like fines, having your license suspended, or even getting your vehicle impounded. Making sure your vehicle is properly insured helps protect you from these problems.
Besides legal reasons, property damage liability coverage also gives you important financial protection. Accidents can cause a lot of damage to other people’s property, like cars, homes, fences, or storefronts. If you don’t have this coverage, you would have to pay for the repairs or replacements yourself, which can be really expensive and hard to handle.
Having property damage liability coverage also gives you peace of mind. Knowing you’re financially protected if an accident happens helps you drive with more confidence. This coverage makes sure you can pay for damages if you’re at fault, keeping you safe from costly lawsuits or claims. It’s important to have this coverage for all your vehicles to avoid legal and financial trouble.
Property Damage Liability Coverage Definition
Property Damage Liability Coverage is a type of car insurance that helps pay for the repair or replacement of another person’s property if you’re at fault in an accident.
What Does Property Damage Cover for your Motorists Vehicle Insurance?
Property damage coverage covers damage to another vehicle, as well as damage to buildings, fences, or other structures. It does not cover damage to your own property or vehicle. Property damage liability coverage is typically required by law in most states to ensure that drivers can cover the costs of damages they cause.
How Much is Property Damage Liability Coverage Cost?
The cost of property damage liability coverage varies depending on several factors, including your location, age, driving record, and credit. On average, the cost for minimum coverage is $510 per year in Washington State, though insurance rates are expected to increase by about 24% in 2024.
Seek the Help of a Car Accident Lawyer
If you or a loved one was injured in a collision because of the negligence of another, contact a personal injury lawyer to discuss your legal rights. Let an experienced car accident attorney fight for the full compensation that you deserve. It is not uncommon to receive a settlement from the insurance company that is five to ten times larger with the help of a lawyer. Call the personal injury lawyers at Tario & Associates, P.S. in Bellingham, WA today for a FREE consultation! We have been representing residents of Whatcom County, Skagit County, Island County and Snohomish County since 1979. You will pay nothing up front and no attorney fees at all unless we recover damages for you!