Cause Of Loss Flashcards
1
Q
Cause of Loss
A
A form included in a commercial package policy or a commercial property policy that lists the causes of loss against which the insured property is covered.
2
Q
Direct Loss
A
Physical harm to tangible property caused by a peril
3
Q
Indirect Loss
A
An economic loss that results from the direct, or physical, loss.
4
Q
Occurrence
A
An unexpected event or circumstance that causes injury or damage.
5
Q
Proximate Cause
A
The original occurrence, the source, of all the subsequent damages.