Meaning of “property damage” in the English Dictionary

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"property damage" in Business English

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property damagenoun [ U ]

uk us LAW, INSURANCE

damage to property, rather than injury to people:

The storm caused $17 billion of property damage.
The policy covers $10,000 for vehicular property damage and one injury or fatality to $25,000.

(Definition of “property damage” from the Cambridge Business English Dictionary © Cambridge University Press)