property damage insurance

property damage insurance 

 :insurance protecting against all or part of an individual’s legal liability for damage done (as by his or her automobile) to the property of another   

Insurance

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Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder.