True or False: Physical Damage to the insured auto is covered for all risks including collision.

The statement is true because comprehensive physical damage coverage typically includes a broad range of risks that can cause damage to an insured auto. This coverage is designed to protect the vehicle from damage resulting from specific incidents, including collisions with other vehicles or objects, as well as non-collision-related events such as theft, vandalism, or weather-related incidents.

Collision coverage specifically addresses the financial responsibility of repair or replacement costs that arise when the insured vehicle is involved in a collision with another vehicle or object, regardless of who is at fault. Therefore, under a comprehensive auto insurance policy, physical damage to the insured auto is indeed covered for all risks, including collisions, as long as the policyholder maintains the required coverage.

Other options presented do not align with standard insurance coverage practices. For example, the notion that coverage is only applicable if reported within a specific timeframe or limited to natural disasters does not reflect the comprehensive nature of physical damage coverage.