Which of the following events is a "casualty" loss?
I.Lightning damage.
II.Loss of the topsoil on a farm from a flood.

A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Question

Which of the following events is a "casualty" loss?
I.Lightning damage.
II.Loss of the topsoil on a farm from a flood.
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A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Quizplus · Accepted Answer

Both statements are correct because a "casualty" loss refers to the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual, such as lightning damage or the loss of topsoil from a flood.

Which of the Following Events Is a "Casualty" Loss