Module 1-H - Cause and Loss

Question 1

Cause of Loss

Answer 1

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.

Question 2

Loss - Direct

Answer 2

Physical harm to tangible property caused by a peril.

Question 3

Loss - Indirect

Answer 3

An economic loss that results from the direct, or physical, loss.

Question 4

Occurrence

Answer 4

An unexpected event or circumstance that causes injury or damage.

Question 5

Proximate Cause

Answer 5

The original occurrence, the source, of all the subsequent damages.