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The physical damage coverage under the liability section of your policy pays for the damage you cause (and are liable for) to the property of others, and costs associated with that damage (tow, rental etc), there will be a limit on that coverage per accident. This is a state required coverage (in all states I know of) with varing limits, the state I am in is a 10k limit, (you can and should carry more) which I think is obsurd, (that's beside the point though).....
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∙ 16y ago
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What does physical damage auto insurance cover?
It covers physical damage to your car. It will pay for repairs.
What are the different types of Physical Damage Car insurance?
Comprehensive and Collison are the two types of physical damage coverage.
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
What does the term 'insurance collision' mean?
Insurance collision is a form of automobile insurance that covers physical damage. In most situations the insurer pays for the insured injuries, damage to the vehicle of the insured, and if the insured is at fault it pays for the damage to the other vehicle, and the other driver.
Does a homeowners insurance cover death of your child in the home?
No. Homeowners insurance only covers physical damage to the home and contents and liability risks.
What is Property Type PD?
In insurance terms, "PD" refers to property damage or physical damage to property. "Bi" refers to Bodily injury.
Does homeowners' insurance cover physical loss damage claims by car rental companies?
Homeowners policies do not cover damage to motorized vehicles (except lawnmowers, golf carts, off-road vehicles, electric wheelchairs). SOMETIMES there is coverage for boats & their trailers when stored in an enclosed building on the premises.
Does your full coverage auto insurance cover vehicle in tow as well?
The vehicle being towed has to have physical damage coverage itself in order to be covered for damage. A vehicle towing another vehicle does transfer the liability insurance to the trailer or object it is legally towing but the physical damage done to the object being towed does not transfer.
Do you need to buy car rental insurance if you have a sr22?
An SR22 insurance policy is a regular insurance policy with some additional requirements of the insurance company to notify the State Department of Motor Vehicles and restrictions on cancellation. In a rental car situation, the rental car company will carry the liability coverage and physical damage coverage. You are responsible for a deductible for any damage done to the vehicle. I recommend that you purchase their physical damage waiver so you will not be responsible for damages.
What Physical Damage is usually covered with Auto insurance?
Damage to both people and property are covered by auto insurance. Aside from protecting the insured against the claims of others (for bodily harm or property damage, for example), auto insurance typically helps pay for medical expenses needed by the insured or other person involved in the accident AND it covers costs leading to loss or damage of the automobile stated in the insurance.
I wrecked my friends car will my liability insurance replace her car?
No. Their insurance will cover the damage to their vehicle, though they will not be happy about an unlisted driver being behind the wheel having an accident. If they have no physical damage coverage it will not be repaired or replaced.
Can someone borrow off of their physical damage insurance?
no I do not know of a scenario where this is remotely possible. Perhaps more details..
