Definitions from the Web
Property and Damage Insurance
Description:
Property and Damage Insurance refers to insurance policies that provide coverage for the protection of physical properties and assets against various risks and damages. This type of insurance typically safeguards homeowners, businesses, and organizations from financial losses resulting from damages caused by events such as theft, fire, natural disasters, vandalism, or accidents.
Sample Sentences:
- After the devastating fire, the homeowner's property and damage insurance ensured that the cost of repairing the house was covered.
- It is important for businesses to have property and damage insurance to protect their assets in case of unforeseen events.
- The property and damage insurance policy covered the damage caused to the warehouse during the recent storm, allowing the company to continue its operations smoothly.
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