State minimum coverage for property damage on a Massachusetts auto policy is $5,000. This is a section of the policy that is frequently used in everyday accidents and needs to be carefully reviewed by the agent and insured alike.
When you get into an accident with another vehicle, if you are at fault, your property damage extends to fix the other vehicle. Suppose you are in an accident with a new Mercedes or BMW and that vehicle is totaled; chances are that $5,000 property damage will not be enough to cover a bumper, never mind the entire vehicle. Another thing to consider when choosing these limits is the possibility of a multi-vehicle accident and accidents caused by poor weather conditions.
We cannot always plan for or predict what will happen, which is why we have to be prepared with adequate limits on our insurance policy. McCurdy Insurance suggests having a property damage limit of $250,000, but definitely no less than $100,000.
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