property damage insurance

American  

noun

1. insurance against losses arising from damage to the property of others, as in a motor-vehicle accident.

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Example Sentences

CareLinx already provides professional liability, auto accident and property damage insurance for most of its roughly 160,000 caregivers.

From New York Times

According to the cease-and-desist notice issued May 11, Leap failed to provide evidence that it has public liability and property damage insurance and workers’ compensation insurance.

From Los Angeles Times

The company expects $225 million to $275 million on charges relating to the flooding of the company’s facilities in Thailand; it also expects to file a property damage insurance claim of at least $50 million and an additional claim for business interruption.

From Forbes

The insurance usually carried by loggers covers fire and theft, although some companies also carry liability and either collision or property damage insurance.

From Project Gutenberg

Factor in property damage, insurance payouts, productivity slowdowns, and shaken consumer confidence, and the estimates of what the attacks cost the U.S. economy range somewhere between $100 billion and $500 billion.

From BusinessWeek