Cause & Loss Flashcards
1
Q
Proximate cause
A
the original occurence in an unbroken chain of events that results in a loss
2
Q
Occurrence
A
an event or circumstance that leads to damage
3
Q
What are the two types of losses
A
Indirect and direct
4
Q
Direct cause
A
physical harm to tangible property
5
Q
Indirect loss
A
Added expenses or lost income from direct(physical) losses
