Physical Damage Insurance

What Does Physical Damage Insurance Mean?

Physical damage insurance is a type of coverage that protects against physical damage to your property. It is commonly included in auto insurance policies, though it may need to be added to a standard auto policy.

This coverage can include damage from collisions, fire, water, falling objects, lightning, and wind.

Insuranceopedia Explains Physical Damage Insurance

Physical damage insurance is crucial for many drivers, and many auto insurance policyholders choose to purchase it. Since automobiles are often exposed to various risks, such as sharing the road with other vehicles at high speeds, they face significant potential hazards. Additionally, cars are typically kept outdoors, making them vulnerable to weather-related damage and other risks.