What is the liability coverage limit for property damage required in Iowa?

In Iowa, the required liability coverage limit for property damage is indeed $15,000. This limit is established under Iowa law to ensure that drivers carry a minimum amount of insurance that can help cover damages they may cause to another person's property in the event of an accident. This requirement is part of the state's efforts to protect both drivers and others on the road by ensuring that responsible coverage is in place.

The selected limit reflects a balance between affordable premiums for consumers and adequate protection for victims of accidents. It supports the idea that while insurance costs should be manageable for individuals, sufficient coverage must exist to address damages that could occur in collisions, thereby minimizing financial burdens on affected parties.