Property Insurance FundamentalsCâu 228 / 474
Proximate cause, as property insurance uses the term, refers to:
a.The event starting an unbroken chain to the loss
b.The last event occurring just before the damage
c.The person whose carelessness produced the damage
d.The most expensive item of damage that resulted
Giải thích
Proximate cause is the peril that sets in motion an unbroken chain of events ending in the loss, and coverage turns on whether that peril is insured. Picking the last event in the sequence would let an uncovered final step defeat coverage the original covered peril triggered. Proximate cause identifies a cause of loss, not a responsible person or the biggest repair item.
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Câu hỏi liên quan cùng chủ đề
- On an open-perils form, once the insured shows that direct physical loss occurred, the insurer must:
- The difference between a direct loss and an indirect or consequential loss is that the indirect loss is:
- A covered kitchen fire drives a family into a hotel for six weeks. Which part of that is the indirect loss?
- Firefighters put out a covered kitchen fire and their water ruins the ceiling of the room below. That ceiling damage is:
- Two policies with no conflicting other-insurance wording cover the same building. Pro rata sharing makes each insurer pay:
- A building is insured by one policy for $150,000 and another for $100,000, both sharing pro rata. A covered loss of $40,000 occurs. The $150,000 policy pays:
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