Increased auto insurance property damage requirements in Tennessee.
In Tennessee, the minimum insurance requirements for property damage liability coverage were recently increased from $15,000 to $25,000. This change was made to better protect drivers and property owners in the state, as the cost of repairing damage to vehicles and other property can often exceed the previous minimum requirement.
Prior to the change, Tennessee law required drivers to carry a minimum of $15,000 in property damage liability coverage. This type of coverage helps to pay for the repair or replacement of damaged property owned by others in the event of an accident that is the driver's fault. However, the cost of repairing or replacing damaged property can often be much higher than $15,000, particularly if the accident involves a high-value vehicle or other expensive property.
To address this issue and provide more protection for drivers and property owners, the state of Tennessee recently increased the minimum requirement for property damage liability coverage to $25,000. This change will ensure that drivers have sufficient coverage to pay for the repair or replacement of damaged property in the event of an accident.
It's important to note that while the minimum requirement for property damage liability coverage in Tennessee has been increased to $25,000, drivers may still choose to carry more coverage if they wish. Some drivers may opt for higher levels of coverage, particularly if they own expensive vehicles or other high-value property that may be at risk in the event of an accident.
Overall, the increase in the minimum insurance requirement for property damage liability coverage in Tennessee is a positive step that will help to protect drivers and property owners in the state. By requiring drivers to carry higher levels of coverage, the state is helping to ensure that those who are involved in accidents are able to get the financial assistance they need to repair or replace damaged property. So, it is always better to be safe than sorry and have adequate insurance coverage in place to protect yourself and your property.