Property Damage Legal Meaning and Definition

Here is a simplified definition of the legal term Property Damage.

Property Damage (noun): This term refers to any harm, destruction, or loss that affects an individual's belongings, assets, or real estate. This damage can be a result of intentional actions - often with malicious intent - by someone other than the owner, negligence, or natural occurrences. There's a distinction between damage to real property (land and anything attached to it) and personal property (all other possessions). Real property damage has a measurable financial loss value, while personal property damage may additionally include losses that are sentimental and harder to quantify.