The amount of a loss on insured business use property is reduced by the insurance coverage if no claim is made against the insurer.

Name: The amount of a loss on insured business use property is reduced by the insurance coverage if no claim is made against the insurer.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

The amount of a loss on insured business use property is not reduced by the insurance coverage if no claim is made. The loss is calculated based on the actual damage or loss incurred, regardless of whether an insurance claim is filed.

The Amount of a Loss on Insured Business Use Property