Property Damage Current Rates, News & Information
Is Property Damage Liability Required in Every State?
Posted in Auto Insurance , Property Damage
September 3rd, 2009
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Laws differ from state-to-state, even when it comes to auto insurance.
The laws of minimum insurance policy and coverage varies throughout the nation and it applies to many types of insurance such as health insurance and auto insurance coverage. Because of that difference, not all states require property damage liability. 
Should I Get Property Damage Liability Only?
Posted in Auto Insurance , Personal Injury Protection , Property Damage
July 15th, 2009
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It is a fact, to legally own and operate an automobile in the United States, a minimum amount of auto insurance coverage is required in some states. Although the minimum coverage amount is determined by law, the state in which a policyholder lives and registers the vehicle determines the amount essential for each vehicle. The minimum levels of auto insurance is comprised of both bodily injury liability limits and the the property damage liability limit. If you want to drive legally and provide a level of respect and responsibility to your fellow man, you need to have both in your car insurance coverage and not just property damage liability.
Does Property Damage Liability Cover My Car as Well?
Posted in Auto Insurance , Property Damage
July 2nd, 2009
1 Comment
Cruising around without car insurance is like trying to walk on a tightrope inheels – neither is really a smart decision to make. Most states require a level of property damage liability for policy holders to have on all the vehicles they own and operate. Property damage liability auto insurance is a degree of coverage that kicks in to pay the expenses to repair or replace property caused by damage inflicted by the at-fault driver involved in an accident.
Who Needs Property Damage Liability?
Posted in Auto Insurance , Auto Insurance Claims , Comprehensive Insurance , Property Damage
May 11th, 2009
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If you are a new driver in the process of purchasing your first car, aside from the vehicle price tag there are other factors you need to include in your transportation budget. Car maintenance, fuel expenses and car insurance are all mandatory expenses that need to be worked into the final price. When it comes to car insurance, that cost will be influence by the type of vehicle you buy, your driving history, age, gender and the state’s minimum requirement for proper levels of insurance. Every state has their own laws governing the amount of insurance drivers must carry, and the state requirements for property damage liability is generally $5000-$25,000.
Considerations Before Filing an Auto Insurance Claim
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Liability , Property Damage
April 20th, 2009
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Auto insurance is supposed to be simple: you get into an accident, you file a claim and let your insurer handle it. But in reality, this is not always the case as there are things you should consider before filing an auto insurance claim.
Although state laws mandate certain types of insurance coverage to legally drive, there are no laws on record thatrequire you to report accidents to your insurance company. Every time you do file a claim with your insurance company, it is marked on your permanent record. Although your premium may not go up immediately, if there are enough reports over time there can be a negative impact to the total cost of your auto insurance.
Understanding Diminshed Value Payments
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Comprehensive Insurance , Liability , Property Damage
April 16th, 2009
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Once a car is damaged in an accident, it will truly never be as “good as new,” because of the diminished value caused by the wreck. Once a car is involved in a collision, although auto insurance may cover the repairs of the vehicle, the car will never be worth its full value again because repair work for an accident lowers the value of your vehicle. Your car will now have a permanent history of being wrecked, and consumers will not be willing to pay full price for a previously damaged vehicle, no matter how well the repair job was done.
Working With Another Insurer When Not at Fault for an Accident
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Liability , Property Damage
April 15th, 2009
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The aftermath of a car accident is oftentimes difficult to deal with. Even if the damage to your health and property are minor, and you are not found at fault for the collision, working with another auto insurance company to settle your claim can be a stressful and time consuming process. The first step in this process happens immediately after the collision. You need to document all the information associated with the accident and driver to get the claim process started.
Why You Need Underinsured Motorist Coverage
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Comprehensive Insurance , Liability , Property Damage
April 14th, 2009
1 Comment
Underinsured motorist coverage is a way to protect an insured driver who becomes involved in a collision with another driver who does not have adequate auto insurance coverage. If the driver of the other vehicle is determined to be at fault and their policy limit does not cover your all the related expenses, you will most likely have to pay out of pocket to cover the rest if you do not have underinsured motorist coverage. Because many states have low auto insurance coverage minimums, their policies will most likely not cover them or involved parties in the event of a major accident.
What is a No Fault Auto Insurance Law?
Posted in Auto Insurance , Collision Insurance , Liability , Property Damage
April 10th, 2009
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It is happening right now somewhere in the world. Despite the best of intentions and skills of two drivers, their cars are colliding and an accident has just occurred. In a fantasy world, both drivers would be able to file claims with their insurance companies and get the settlement money needed to make both them and their cars whole again. In reality, that is the concept before no-fault auto insurance.
Car Insurance Term: Property Damage Liability
Posted in Auto Insurance , Property Damage
February 14th, 2009
4 Comments
The term property damage liability refers to auto insurance for any and all damages you may be responsible for in regards to another automobile or private possession. Property damage liability coverage is required in all states (with one exception), and the minimum required amounts of coverage will vary from state to state.