What is an indirect loss in insurance?

Answer An indirect loss in insurance is one that occurs as a result of a property loss. In many instances, indirect losses can be as much, if not greater than, the amount of direct loss.Direct Versus Indi... Read More »

Top Q&A For: What is an indirect loss in insurance

Is it possible to double coverage for cargo insurance If a loss then get the 2 insurance carriers to each pay 50 percent if crate goes missing Friend took big loss last year from shipping loss?

2,055 miles taking this route: Take I-10 EAST from Tucson to I-25 NORTH to ALBUQUERQUE at EXIT 144 in Las Cruces, NEW MEXICO.Take I-25 NORTH to I-40 EAST to SANTA ROSA at EXIT 226A in Albuquerque.T... Read More »

Is the insurance on the assembly facility an indirect cost?

Commercial liability insurance purchased on an assembly facility is an indirect cost of doing business. According to Pioneer Consulting Group, "indirect costs are those costs that cannot be directl... Read More »

Can my homeowners insurance refuse to cover my fiance for loss or liability on the home we jointly own because he is not related to me and make me buy renters insurance for him in NJ?

Laws may be a little different in the Armpit of America but in the communist state of MA as long as you jointly own the home then you would be jointly covered on the home policy. If so then they ca... Read More »

What is a comprehensive car insurance loss?

The portion of an auto insurance policy that covers the insured's vehicle has two sections: collision and comprehensive. Collision coverage is more commonly used, and there can be confusion about a... Read More »