Physical Damage Insurance

Written by  //  June 23, 2011  //  Insurance Glossary: N-S, Insurance Terms  //  Comments Off on Physical Damage Insurance

This term indicates coverage from such perils as collision (accident) and comprehensive (fire and theft) to your covered vehicle. If you have borrowed money to buy or lease a car, the lender/leasee may require that you have certain minimum amounts of comprehensive and collision insurance.

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