Which of the following is NOT true regarding "loss of use" coverage under the SPF#1 policy?

The statement that is NOT true regarding "loss of use" coverage under the SPF#1 policy is that coverage is provided for any physical damage to the automobile. "Loss of use" coverage specifically applies to situations where the insured is unable to use their vehicle due to circumstances covered by the policy, such as theft or damage because of a collision.

"Loss of use" coverage is designed to compensate the insured for alternative transportation costs incurred while their vehicle is unavailable. This coverage does not extend to all forms of physical damage to the automobile; rather, it kicks in when the vehicle's usability is affected by circumstances leading to an insurable event.

The other statements reflect accurate aspects of "loss of use" coverage. Coverage for loss of use due to theft indicates that the policy acknowledges the need for alternative transportation when a vehicle is stolen. The limit of $25 a day for a max of 30 days aligns with common practice, outlining the financial boundaries of the provided compensation. Additionally, the stipulation that coverage only initiates after 72 hours of notice is a condition that highlights policy requirements regarding the timeframe for coverage to commence.