Patrick has an old beater car and wants to keep his insurance costs down.In order to minimize the financial impact of an accident he may cause,he should,at a minimum,carry which type of insurance?

Question

Quizplus · Accepted Answer

Property damage liability insurance is the minimum required insurance by most states in the US. It covers the costs of damage that the policyholder causes to someone else's property, such as their car or home, and helps to minimize the financial impact of an accident. While collision and comprehensive physical damage insurance may provide extra protection for the policyholder's own car, they are not required by law and will typically result in higher insurance premiums.

Patrick Has an Old Beater Car and Wants to Keep