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What is personal property liability?

 

 

What is personal property liability?

The Bankrate.com financial term of the day is: "personal property liability."

Accidents certainly do happen. If you crash your car into another vehicle or other property, personal property liability coverage is the part of your auto insurance policy that protects your bank account from claims and lawsuits related to the damage.

When you're at fault for damage in a crash, the personal property liability part of your car insurance policy will have you covered.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

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Auto Insurance Averages
Product Rate
Auto - Couple, age 30
$ 1638.13
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$ 2794.86
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$ 1505.29
Auto - Male, age 50
$ 1561.24
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The National Insurance Crime Bureau reports insurance fraud rose 27 percent nationwide from 2010 through 2012.
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