What is a direct loss?
and The direct loss is a type of loss of property in which the consistent sequence of events led to the cause of partial or complete destruction related to this property. This is, unlike the indirect loss in which the chain of events helps to determine the land of loss, but has not contributed directly to it. The events leading to direct loss are sometimes referred to as close cause , a term that helps express the direct relationship of these events to the loss that arises.
Correctly identifying the nature of the loss is often important in terms of settlement of insurance claims. This is because direct loss is more likely to be covered than indirect loss. For example, if the defective connection in the house causes the structure of the wall to ignite, which in turn causes the curtains on the window and eventually spread the fire on a nearby sofa, it is considered a direct loss. The problem with the cabling launched an event chain where the Surred inpologist was damaged or destroyed. There is a great chance that fuse pIt occurs the cost of repairing cabling, reconstruction of the wall and replacing the sofa and curtains.
On the other hand, policy may or may not cover any indirect loss resulting from this chain of events. If the damage was sufficiently serious to prevent the residents of the home in the home until the repairs were repaired, it would be considered an inconvenience, but not necessarily as the type of loss that the provider considers directly to the scope of coverage. As a result, the provider does not have to cover the cost of renting a hotel room or some other accommodation while repairing.
2 While some policies cover some occurrence of indirect loss of direct loss can be the extent of this coverage very different. By taking time to see how the provider interprets direct versus indirect loss and what type of coverage is provided for each type of loss, consumers can determine whetherThis policy is sufficient for their needs. If the consumer finds that the conditions are somewhat confusing or ambiguous, it can determine that the coverage offered is not enough and continues to consider policies offered by other providers.