insurance::material-damage
Material Damage
Canonical definition
Physical loss of, or physical damage to, tangible insured property arising from a covered peril, excluding purely financial, consequential, or non-physical losses unless explicitly extended by the policy.
Related concepts
- Coverage
- Claim Event
Source
wikisure-demo
Version
1.0
Status
aligned
Owner
Claims Governance Lead
Last governance update
2026-06-12
Namespace
insurance::material-damage
Full governance metadata: registry entry →
Resolve this definition in your AI agent or system:
GET https://wikisure.org/api/resolve?id=material-damage&namespace=insurance