Under insurance policies, what is the property damage coverage per accident?

In the context of insurance policies, property damage coverage per accident typically refers to the maximum amount the insurer will pay for damages to another person's property resulting from an accident caused by the insured.

The value of $15,000 indicated in the chosen answer reflects common coverage limits found in many automobile liability insurance policies. This amount is significant because it can help cover repairs or replacement costs of another person's vehicle or property that has been damaged in an accident, ensuring that the insured does not face financial burdens that could arise from such incidents.

It’s essential for policyholders to understand the limits of their coverage, as these values can vary based on the type of policy or state regulations. Choosing a higher or lower limit can influence premiums as well, so it's vital to assess personal risk and potential financial exposure when selecting coverage amounts.