Property damage coverage pays for the repairs to the property damages you caused in an accident. This type of coverage does not provide protection for your own property damages.
Property damage coverage may be bought in two ways, as a combined single limit policy or a split limit policy. With a combined single limit policy, the policy limit that applies to the whole accident and may be used to cover bodily injury, property damage or both.
In Illinois, the minimum property damage requirement is $20,000 per collision.
Your property damage is stated in a three number format like “25/50/20”. The first two numbers are the bodily injury limits. The third number is the policy limit for property damages per accident.
These limits may be increased for an additional cost. Take into consideration that if you cause an accident that exceeds your policy limits, the other party may sue you for the difference.
Do you need more information about property damage coverage or need to file a claim. Our agents and customer service representatives are here to help. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.
*Please review your own policy carefully for details on property coverage. Property coverage varies by insurance company.