property damage

Property damage is injury to real or personal property . An example could be a chemical leak on a piece of real estate, or damage to a car from an accident. Property owners can obtain property insurance to protect against the risk of property damage.

[Last reviewed in April of 2021 by the Wex Definitions Team ]

Wex

• LIFE EVENTS
• accidents & injuries (tort law)
• tort damages
• wex definitions