Damage that directly occurs as a result of a particular hazard; for example, flood damage.
Related information about direct loss:
- What is direct loss? definition and meaning
Definition of direct loss: Property loss caused by an unbroken chain of events ( see proximate cause) covered under an insurance policy. In home insurance ...
- direct loss - Insurance Glossary
direct loss - Loss incurred due to direct damage to property, as opposed to time element or other indirect losses.
- Direct Loss: Definition from Answers.com
Direct Loss Property loss in which the insured peril is the proximate cause (an unbroken chain of events) of the damage or destruction.
- Direct Loss Control Services - "Accurate & Affordable"
Direct Loss Control Services is the premier provider of a full range of loss control and loss prevention products. Our commitment to excellence is unequalled in ...
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A direct loss is some type of property loss in which a consistent sequence of events led to the cause of the partial or complete destruction related to that property.
- direct loss (insurance) -- Britannica Online Encyclopedia
direct loss (insurance) ... and click submit, your modifications will be sent to our editors for review. The topic direct loss is discussed in the following articles: ...
- “direct loss” under fidelity bonds - Anderson, McPharlin & Conners LLP
Those seeking coverage under the bond have argued that a “direct loss” is one ... On the other hand, the insurers have sought to clarify that a “direct loss” is ...
- Sixth Circuit Rejects AIG “Direct Loss” Defense Under Crime ...
Sep 6, 2012 ... Several days ago, we obtained for a client an insurance recovery when the United States Court of Appeals for the Sixth Circuit rejected AIG's ...