What does Property Damage mean? Read on to discover the definition & meaning of the term Property Damage - to help you better understand the language used in insurance policies.
Property damage refers to the partial or total destruction of a building, a house, a car, or a valuable object that is legally owned. The property damage might be caused by negligence, an intentional criminal act (such as burglary) or a natural event (such as lightning).
We hope the you have a better understanding of the meaning of Property Damage.