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Property Damage Liability

Property damage liability pays for damage you cause to other people's property, most commonly their vehicle. State minimum limits are often far below the cost of a newer vehicle.

Pays for damage you cause to other people's property. Mostly vehicles. Example: you total a $55,000 SUV at a stoplight. State minimum property damage of $25,000 leaves you personally on the hook for the remaining $30,000 plus a likely diminished-value claim. Carrying $100,000 usually costs only a few dollars more per month.