The basic characteristics of a consequential loss include:
A) the loss is an indirect result of a given peril,
B) the insured peril must first cause a direct loss from which the indirect loss stems,
C) the loss must be measurable,
D) the consequential loss generally involves loss of fixed charges and profits,
E) all of these.
Correct Answer:
Verified
Q25: Match the descriptions with their terms:
-_ is
Q26: Match the descriptions with their terms:
-The _
Q27: Match the descriptions with their terms:
-The _
Q28: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q31: If a consequential loss involves lost profits
Q32: An insured can avoid a coinsurance penalty
Q33: A laundry suffers a severe loss from
Q34: Consequential losses involve
A) costs that continue after
Q35: Blanket insurance coverage requires
A) an 80 percent
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