Posted on July 20, 2013July 20, 2013
An attitude that increases the probability of loss from a peril. The attitude of, “It’s Insured, so why worry?” is an example of a moral hazard.
Facebook
Linked In
Instagram
Twitter
Contact Us
News
Calendar
Calculators
A remote cause is one which contributed to the loss but was not the proximate cause of the loss. In the absence of any special provision in the policy, a loss must be proximately caused by an insured peril to be recoverable under the policy.