Property Damage Coverage

Protection for what your bike damages Read More

Property Damage CoverageWe’ve talked a little about Property Damage in other articles, but it deserves a little more focus.

Property damage coverage falls within your liability coverage. For example, if your liability coverage is $25,000/$50,000/$25,000, the last number represents property damage (or physical damage). In other words, if you get into an accident you’ve got $25,000 worth of coverage to repair any vehicle you hit or any property you damage.

Property accounts for anything that’s not a person. This could mean a telephone pole, a fence, a car, or even house…anything.

Is The Minimum Coverage Enough?

You might think a motorcycle couldn’t do more than $25,000 worth of damage, but we respectfully disagree. What if you run into an expensive car like a Porsche? $25,000 is probably not going to be enough to fix it or replace it.

This is why we think it’s a good idea to pay a few more bucks for better coverage. You could upgrade to $100,000/$300,000/$100,000 liability coverage for about $60-70 per term (six months to a year). That sound like money well spent.