Damage to a Building by Fire Is an Example of

question 73

Multiple Choice

Damage to a building by fire is an example of

• A) a benign neglect loss.
• B) a direct loss.
• C) a tort-based liability claim.
• D) a depreciated cash value loss.

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Definitions:

Anticline

A type of geological fold characterized by an arch-like shape where the oldest rocks are at the core.

Fault Trap

A geological structure where displaced strata create a trap that can contain fluids such as oil or gas.

Natural Gas

A fossil fuel consisting primarily of methane and other hydrocarbons, used as an energy source and feedstock in chemical manufacturing.

Iron Ore

Naturally occurring rocks from which iron (Fe) can be economically extracted, constituting a key raw material for steel production.