Damage to a building by flooding is an example of
A)a benign neglect loss.
B)a direct loss.
C)a tort-based liability claim.
D)a depreciated cash value loss.

Question

Quizplus · Accepted Answer

Flooding would directly damage the building, making it a direct loss. A benign neglect loss would occur due to neglectful maintenance or lack of upkeep. A tort-based liability claim would involve someone being held responsible for damages due to their actions. A depreciated cash value loss would involve the decreased value of an asset over time.

Damage to a Building by Flooding Is an Example of