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consequential loss

An indirect loss caused by the insured not being able to use their property. This type of loss does not happen right away; for example, business interruption. This term can also refer to a loss caused by a hazard the insured is not directly insured for; for example, the spoilage of food due to power outage.

Related information about consequential loss:
  1. Consequential Loss Definition | Investopedia
    The amount of loss incurred as a result of being unable to use business property or equipment. If the property/equipment is damaged through a natural disaster ...
     
  2. What is consequential loss? definition and meaning
    Definition of consequential loss: Indirect loss which accompanies an insured loss , such as loss of earnings resulting from a burnt down business that was ...
     
  3. What is Consequential Loss?
    Mar 18, 2009 ... In its most basic terms, consequential loss is the basic value of loss, specifically when it relates to the loss of a property's use. A good example ...
     
  4. 4. Nigel Chapman - Consequential loss - The Standard Club
    Oct 20, 2011 ... When can you claim damages for consequential loss? -. In tort? ... How can you exclude liability for consequential loss under your contract?
     
  5. consequential loss - Insurance Glossary
    consequential loss - -A loss that arises as a result of direct damage to property-- for example, loss of rent.
     
  6. Consequential loss - a new definition
    Mar 3, 2008 ... Conduct a review of consequential loss provisions in your contracts to assess the impact of the new meaning of "consequential loss". Author ...
     
  7. consequential loss - Financial Services Authority
    Statement on using the words 'consequential loss' in general insurance contracts. We have considered terms which use the phrase 'consequential loss' in ...
     
  8. Excluding Consequential Loss — Have You Really Limited Your ...
    It is increasingly common in the UAE for parties to commercial negotiations to seek to exclude consequential loss as a class of loss recoverable under their ...