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direct damage coverage

Direct damage coverage is property insurance that pays the value of property, or the cost to repair or replace it, when it has been damaged by a covered cause of loss.

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direct damage coverage

Direct damage coverage is property insurance that pays the value of property, or the cost to repair or replace it, when it has been damaged by a covered cause of loss.

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This is in contrast to time element property insurance that pays for loss of income or increase in expenses resulting from the unavailability of the damaged property while it is being repaired or replaced.

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