In No Fault insurance, what is a potential coverage feature for property damage?

In No Fault insurance, a potential coverage feature for property damage is coverage up to a specific limit. This is designed to provide financial protection to insured individuals when accidents occur, irrespective of who is at fault. The policy typically covers damages to the insured's vehicle or property caused by the accident, but only up to a predetermined monetary limit set forth in the policy. This ensures that the insurer can manage its risk while still providing essential coverage to insured individuals.

Coverage limits are common in many types of insurance, including No Fault insurance, as they help to control costs and provide clarity on how much an insured individual can expect to be compensated for property damage. Notably, these limits are clearly stated in the insurance policy documents, allowing policyholders to understand the extent of their coverage.