Question

Propety and liability loss exposure

Answer 1

Property and liability loss exposure describe the potential financial consequences of liability loss exposures. Identify the parties that may be insured by a liability insurance policy. Describe the various types of injury or damage that are typically covered in liability insurance policies.

Answer 2

Answer:

Losses to property can result in serious financial consequences to those who suffer the losses. All property is subject to property loss exposures. Property may be destroyed, damaged, stolen, or lost, or may otherwise suffer a decrease in value because of a particular cause of loss (or peril).