In the last couple blogs, I have discussed the importance of knowing what and how much coverage you have by requesting your declarations page. Once you get a copy of your Dec Page, it is also important to know what the types and amounts of coverages on that page actually means. Last time we explained Liability or Bodily Injury Coverage. Let's move to Property Damage.
Property damage is fairly simple. It represents how much your own insurance company will compensate someone else for damage you have done to their property in the unfortunate event that you are the one responsible for causing the collision. Conversely, if your property is damaged by a negligent driver, that driver's property damage coverage indicates how much potential coverage that insurer might compensate you for the damage that has been caused. This includes not only damage to an automobile, but damage to physical property (e.g. running into a pole or fence), bicycles, or personal property (e.g. computers, baby seats, etc.).
Your property damage coverage does not typically cover the damage done to your own vehicle, especially if you are the negligent driver. That is primarily what collision coverage is for.