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Figure 7.2
-Which one of the following statements regarding Figure 7.2 is True?
Repairing
The act of fixing or restoring something that is broken or damaged to a good condition.
Direct Physical Loss
Damage or loss of property directly resulting from an identifiable event or cause, without intervening factors.
Property Damage
Physical damage to, or destruction of, tangible property, often resulting in financial loss.
Antilapse Clause
In an insurance policy, a clause which states that the insured has a grace period in which to make an overdue payment.
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