Peter lost control of his car and drove it though his neighbor Clyde's fence.If Clyde were to bring a claim against Peter for the damage to the fence,what type of insurance would Peter need to cover the damage?

Question

Quizplus · Accepted Answer

Property damage liability insurance covers damage caused by the insured to someone else's property. In this scenario, Peter was at fault for the damage to Clyde's fence, so property damage liability insurance would cover the cost of the damages. Homeowner's insurance typically covers damage to the insured's own property, not someone else's. Collision insurance covers damage to the insured's own vehicle, so it would not apply in this scenario. No-fault insurance typically applies to medical expenses and lost wages in the event of a car accident, but would not cover damage to someone else's property.

Peter Lost Control of His Car and Drove It Though