Full Coverage: Liability Coverage for Property Damage
Previously, we blogged about the difference between what automobile owners are told constitutes “full coverage” for their car or truck and what real full coverage means. In order to help you understand the differences, we are writing a series of entries about the different types of coverage typically available for auto insurance. Last week we talked about liability coverage for bodily injury. This entry will discuss liability coverage for property damage.
Liability coverage for property damage is a lot like liability coverage for personal injury in that it applies to damage done to someone else’s property not your own. This type of coverage is what covers the damage to someone else’s car if you were at fault in causing the accident. However, it is not limited to damage to another vehicle and could potentially cover damage to other property as well, such as a fence or mailbox.
As with liability coverage for bodily injury, liability coverage for property damage is mandatory in Kentucky. KRS 304.39-080, KRS 304.39-090. That means that this type of coverage will automatically be offered with any plan of insurance you get from your agent and that you don’t have to ask for it specifically. How much coverage is enough coverage? Well the law requires you to have at least $10,000 worth at a minimum. KRS 304.39-110. This is usually enough to handle most “fender bender” type of accidents. However, if you are concerned about destroying that Ferrari that your neighbor owns, then you may want to purchase a little more.
If you have questions about the type of coverage you have on your car or truck, or if you have been involved in an accident and need help sorting our what will be covered, what won't, and other options you might have, call or e-mail the attorneys of Bahe Cook Cantley & Jones PLC for help.
