Final answer:
Liability coverage in an auto insurance policy protects against both property damage and bodily injury liability, which would include accidents caused by the insured's 16-year-old son.
Step-by-step explanation:
True. Liability coverage in a personal auto policy typically provides protection for both property damage and bodily injury liability in the case of an accident. This means that if the insured's 16-year-old son was driving the car and caused an accident, the policy would help cover the costs resulting from damage to other vehicles and any injuries caused to other people. It is important for insurance holders to be aware that certain factors, including the age and driving history of the covered individuals, can affect insurance rates and coverage details. Insurance is designed to protect a driver from having to pay large out-of-pocket expenses if they're involved in an accident and is often a required part of automobile ownership.