Patrick has an old car and wants to keep his insurance costs down, but he wants coverage in case he damages the property of others, including street signs and telephone poles. 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 coverage provides coverage for damage to property that the insured causes. This coverage would cover damages to street signs and telephone poles as well. It is the minimum coverage required by most states, and is generally less expensive than collision or comprehensive coverage.

Patrick Has an Old Car and Wants to Keep His