Your business premises were flooded because old water pipes burst in the premises next door.If you claim for the sales you missed while your place was being repaired,the type of loss you would claim for is known as:

Question

Quizplus · Accepted Answer

The type of loss in this scenario is pure economic loss because it refers to the financial impact suffered by the business as a result of the flooding, such as the sales missed during repair time. The other choices, such as floodgate loss or collateral property loss, do not accurately describe this type of loss.

Your Business Premises Were Flooded Because Old Water Pipes Burst