"Where subject to physical damage" is a phrase open to a variety of interpretations. In the case of service cables the consequences of that possible damage should be given serious consideration, in my opinion.

I don't know much about power company fusing, but from the stories of the POCO workers when these cables short in a residence they shoot fire until the workers disconnect them.

With this understanding of potential fire hazard I provide the best physical protection. IMO if Type SE is exposed, outside or inside a residence...it is subject to physical damage.

Dave