insurance

Physical Damage Coverage

Auto insurance coverage that pays for damage to your own vehicle from collisions, weather, theft, vandalism, or other covered perils. It typically includes both collision coverage (for crashes) and comprehensive coverage (for non-collision events).

Example

After Maria's car was damaged in a hailstorm and fender-bender in the same week, her physical damage coverage paid for both the comprehensive and collision claims.

Memory Tip

Physical Damage = Your Physical car - it covers damage TO your car, not damage FROM your car.

Why It Matters

Without physical damage coverage, you pay out-of-pocket for vehicle repairs or replacement, which can cost thousands or tens of thousands of dollars. This coverage protects your transportation and financial investment in your vehicle.

Common Misconception

People often think liability insurance covers their own vehicle damage, but liability only pays for damage you cause to others. Physical damage coverage is separate and optional in most states, though lenders typically require it on financed vehicles.

In Practice

John's $25,000 car slides into a guardrail during an ice storm, causing $8,000 in damage. His physical damage coverage includes a $1,000 collision deductible, so his insurance pays $7,000 while John pays $1,000. Without this coverage, John would have paid the entire $8,000 repair bill himself.

Etymology

The term developed in early 20th century auto insurance to distinguish coverage for physical harm to vehicles from liability coverage for harm to other people or property.

Common Misspellings

Physical Damge CoveragePhisical Damage CoveragePhysical Damage CovergeFysical Damage Coverage
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Related Terms

Collision CoverageComprehensive CoverageActual Cash ValueGap Insurance

More in insurance

Other insurance terms you should know

Actual Cash ValueThe amount of money an insurance company will pay to replaceActuaryA trained professional who uses mathematics, statistics, andActuarial TableA statistical chart that shows the probability of certain evAdditional InsuredA person or entity that receives coverage under someone elseAdditional Living ExpensesInsurance coverage that pays for the extra costs of living aAdjusterAn insurance professional who investigates, evaluates, and s

See Also

Deductible
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