Physical Damage Insurance


Definition - What does Physical Damage Insurance mean?

Physical damage insurance is a type of insurance that covers physical damage to your property. This type of coverage is typically offered as part of an auto insurance policy, although it may need to be added on to a standard auto policy.

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

Insuranceopedia explains Physical Damage Insurance

Physical damage insurance can be very important for people who drive automobiles and many auto insurance policyholders opt to purchase it. Since drivers share the road with other motorists driving at high speeds, automobiles are often exposed to a number of risks. Moreover, they are typically kept outdoors, where they are vulnerable to weather damage and other risks.

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