OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

What is the difference between a 'direct loss' and an 'indirect loss' (consequential loss) in property insurance?

There is no difference; they are interchangeable terms A direct loss is physical damage to property; an indirect loss is a financial consequence of that damage A direct loss applies only to commercial property; indirect loss applies only to residential An indirect loss is always covered; a direct loss may be excluded

Correct Answer:

A direct loss is physical damage to property; an indirect loss is a financial consequence of that damage

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