Physical Damage Coverage definition

Physical Damage Coverage means the optional coverages in a policy for collision or comprehensive (other than collision) coverages.
View Source
Physical Damage Coverage means an endorsement to a Policy that provides the insured coverage against certain losses with respect to and arising from collateral for which the insured has contingent contractual rights, but where such collateral has physical damage.”
View Source
Physical Damage Coverage. Physical damage for state-owned aircraft including disappearance and search & rescue efforts associated with recovery of the aircraft. Physical damage for non-owned aircraft up to 90 days for legal liability only. For an additional premium charge, non-owned aircraft may be insured for claims that do not arise from legal liability (i.e. arson, fire, flood, wind, hail, etc.) by contacting the Risk Management & Tort Defense Division.
View Source

Examples of Physical Damage Coverage in a sentence

  • Automobile Physical Damage Coverage for damage to the owned or used vehicle.

  • Automobile Physical Damage Coverage, if elected, will extend to hired automobiles, but is excess over any other available coverage or insurance.

  • LESSEE agrees at its own expense to maintain the following insurance: Public Liability of $1,000,000 Occurrence/$2,000,000 Aggregate, Auto Liability of $1,000,000, Physical Damage Coverage with limits equal to the value of the equipment being rented, Worker’s Compensation with state statutory limits, and Employer’s Liability of $1,000,000.

  • Please issue an insurance certificate, in the borrowers name, for the following piece(s) of equipment: Please include the following information on the Insurance Certificate: · Complete Equipment Description (See Below: Year, Make, Model, Serial Number, Value) · Type of Coverage (example: Inland Marine, Contractors Equipment, Equipment Floater, Etc.) · Physical Damage Coverage for full value of equipment (see below) with a maximum deductible of $2500.

  • The Employer will continue to provide liability insurance such as Michigan Risk Management Authority as specified in the MMRMA Liability and Motor Vehicle Physical Damage Coverage Document.

  • If you have not paid the premium for coverage under this Part IV for loss to a covered auto, but you have paid the premium for Rental Vehicle Physical Damage Coverage, then subject to the limits of liability, we will provide Comprehensive Coverage and Collision Coverage under this Part IV for loss to a rented vehicle used by you in the United States or Canada.

  • Hired Car Physical Damage Coverage on Excess basis - The lesser of the cost to repair, ACV or $35,000 less a $1,000 Deductible 5.

  • In the event of any payment under this policy under Part I - Liability to Others, Part III - Uninsured/ Underinsured Motorist Bodily Injury Coverage, or Part IV - Physical Damage Coverage, we are entitled to all the rights of recovery that the insured person to whom payment was made has against another.

  • The meaning of the terms “actual cash value” and “cost of repair or replacement” as defined under Physical Damage Coverage also apply to this Uninsured Motor Vehicle Property Damage Coverage.

  • The JOA shall include an Insurance Exhibit providing for Ignis, at its option, to elect to be named as an additional insured under Operator's Extra Expense Insurance, Physical Damage Coverage and Excess Liability Umbrella Coverage at amounts set forth on said Insurance Exhibit.


More Definitions of Physical Damage Coverage

Physical Damage Coverage means the optional coverages in a policy for collision
View Source
Physical Damage Coverage means Collision, Limited Collision, and Comprehensive
View Source

Related to Physical Damage Coverage

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;