{"id":4357,"date":"2022-04-24T08:15:00","date_gmt":"2022-04-24T08:15:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=4357"},"modified":"2022-11-24T21:07:18","modified_gmt":"2022-11-24T21:07:18","slug":"property-damage-insurance","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/auto\/property-damage-insurance\/","title":{"rendered":"Do You Need Property Damage Insurance?"},"content":{"rendered":"\n
Property damage <\/strong>car insurance<\/strong><\/a> is considered a form of liability insurance<\/a>. It is designed to help pay for damages to a vehicle or other objects<\/em>, such as a fence or mailbox, in the event of a covered accident. Most states require drivers to carry a minimum amount of property damage<\/a> liability coverage.<\/p>\n\n\n\n This coverage is intended to protect you if you\u2019re involved in the accidental destruction of property.<\/p>\n\n\n\n Property damage occurs if you harm or destroy another person\u2019s property during an accident. For instance, driving into a vehicle and denting it is considered property damage. You can also damage other types of property, including trees, lamp posts and buildings. In no-fault states, your property damage insurance pays for your damages, regardless of who caused the incident.<\/p>\n\n\n\n There are different types of property damage. The damage might lead to expensive repairs, loss of use, or diminution in value. After a property damage appraisal, the claim adjuster<\/a> will determine the type of accidental property damage. That is an important step in having an insurance company pay a claim. <\/p>\n\n\n\n Since the minimum amount of property damage liability insurance required by most states varies from a low of $5,000 to a high of $25,000, the average cost of your insurance premium could range from $130 to $140 per year. Typically, the average property damage bill comes in at roughly $5,000, lower than most state\u2019s requirement. However, motorists are welcome to add more property damage insurance.<\/p>\n\n\n\n Buying more property damage insurance will not add much to your overall car insurance premium.<\/p>\n\n\n\nWhat Is Property Damage? <\/h2>\n\n\n\n
Types of Property Damage Vehicle Insurance<\/h2>\n\n\n\n
How Much Does Property Damage Auto Insurance Cost?<\/h2>\n\n\n\n