PROPERTY AND CASUALTY INSURANCE EXAM PREP QUESTIONS AND ANSWER | LATEST UPDATE
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Course
PROPERTY AND CASUALTY INSURANCE
Institution
PROPERTY AND CASUALTY INSURANCE
Accident
-:- Sudden, unexpected event resulting in damage or injury
Occurrence
-:- Loss caused by repeated or continuous exposure to conditions
Direct Loss
-:- Physical damage to personal property or buildings
Indirect Loss
-:- Loss resulting from a direct loss, such as time to replace o...
✓ -:- Coverage for any risk of loss not explicitly excluded
Damages
✓ -:- Monetary compensation for property damage or bodily injury
Tort
✓ -:- Legal wrong that causes injury or damage to another
Property Damage
✓ -:- Loss of value or use of property due to injury or destruction
Bodily Injury
✓ -:- Physical harm or injury to a person
Compensatory Damages
✓ -:- Monetary compensation for losses suffered by the injured party
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