What is physical damage coverage?

What is physical damage coverage? I just bought a pre-owned car and paid for it in cash. My dad says I need to make sure that I have physical damage coverage, but I don't see physical damage listed as an option.

Answer
“When people talk about physical damage, they mean the insurance that protects the physical aspect of your car.
Your dad wants to ensure that you have comprehensive coverage and collision coverage listed on your policy.
This can seem a little confusing because the odds are the words “”physical damage”” aren’t listed anywhere on your policy. It likely says, “”damage to your auto”” and then lists the comprehensive and collision coverage.
Comprehensive coverage will provide coverage for your vehicle from losses like:
  • fire
  • theft
  • vandalism
  • animals
  • weather
  • other situations that tend to happen when your car is parked
Collision coverage covers your car if you are:
  • involved in an accident
  • if your vehicle is hit while parked”
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Shannon Martin
Answered on Jul 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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