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Pennsylvania House of Representatives
04/19/2024 09:56 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=24793
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: November 1, 2017 12:15 PM
From: Representative Jerry Knowles
To: All House members
Subject: Vehicle Property Damage Increase
 
In the near future, I will be introducing legislation which increases the minimum amount of property damage insurance a person would be required to carry on an automobile policy. Under current law, a person is required to carry just $5000 insurance for property damage. This number has not been adjusted for decades. The average car cost under $5000 when the current limit was implemented and today the average car cost over $30,000.

As we all know, the current threshold does not cover property damage in today’s economy. I believe it is now time to have our auto insurance property damage limits reflect a more realistic cost should damage occur in an automobile accident.

My legislation would increase the amount to a minimum of $10,000 for property damage for automobile polices.

Please join me in co-sponsoring this legislation. Thank you.


Introduced as HB2224