Question: A fire in the storefront next door to Missy's, a children's clothing boutique resulted in smoke damage and water damage ( caused by the store's
A fire in the storefront next door to Missy's, a children's clothing boutique resulted in smoke damage and water damage caused by the store's sprinkler system As a result Missy's had to close for several weeks to make repairs. The store also had to replace most of its stock of children's clothing.
Identify all the types of losses Missy's experienced.
Extra expense loss
Indirect loss
Contingent business interruption loss
Business interruption loss
Personal injury loss
Direct loss
Contingent loss
Thirdparty liability loss
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