Final answer:
In Pennsylvania, the minimum required liability coverage for property damage in any one accident is $5,000. This ensures that insured drivers have some level of financial protection in the event they cause property damage with their vehicle.
Step-by-step explanation:
The minimum amount of liability coverage required in a motor vehicle liability policy issued in Pennsylvania for property damage in any one accident is $5,000. This is the standard minimum required by law for all drivers to ensure coverage in the event of property damage resulting from a vehicular accident. In the context of automobile insurance, the way insurance works is by pooling risk among many insured individuals and charging each of them a premium based on the expected costs from that risk pool. For example, if 100 drivers each pay a $1,860 premium, the insurance company would collect $186,000 to cover the costs of the accidents that occur within that group.