| Property Damage Liability What it typically covers: Damages that result from the damage to another person's property when you are at fault. Some of the things you may be liable for include: - Vehicles - Private residences - Storefronts and other structures Why it's important: - You could be obligated to pay the costs to repair damaged property - The cost of replacing an expensive car or repairing a building could be significant To be safe, you might want to purchase as high a limit as you can afford. Other Factors That May Affect the Limit You Choose: Total amount of assets you have to lose Your future earnings The potentially high cost of someone else's car or property The cost of higher coverage limits Protecting your savings for retirement or education DNA Life Stories - Property Damage Liability |