The Basics of a Property Insurance Policy

Nov 24, 2010

Insurance Policy – Physical Loss Or Damage

The trigger of coverage is proof of physical loss or damage to or destruction of property identified in the policy. For the purpose of defining the trigger it is not necessary to consider the meaning of event or occurrence, although as we will see, they may be relevant when applying deductibles under the policy.

By:
Willis J. Watsonl

Finance>
Insurancel
Nov 24, 2010

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