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What does PHY DAM stand for?

PHY DAM stands for Physical Damage (casualty insurance)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

Physical damage to even just a few select pieces of equipment in either of these areas can disrupt a broadcast, impacting a station's overall revenue, ratings, and reputation.
Many equipment owners who recognize the importance of covering their machines with Physical Damage Insurance have chosen Cat Insurance as their carrier.
American Modern specializes in writing physical damage insurance and related coverages on manufactured housing and has expanded to other specialty insurance products including coverage for site-built homes, motorcycles, watercraft, snowmobiles, recreational vehicles, physical damage on long-haul trucks, extended service contracts, excess and surplus lines coverage, credit life and related products as well as collateral protection and mortgage fire products sold to financial institutions and their customers.