Question

Which of the following types of loss would result in a claim for monetary damages due to injury to another or damage to another's property?

Option 1: Personal Injury
Option 2: Property Damage
Option 3: Emotional Distress
Option 4: Breach of Contract

Answer 1

The correct answer is Option 2: Property Damage, which is a type of loss that results in a claim for monetary damages when someone's property is damaged or causes damage to others.

Step-by-step explanation:

The type of loss that would result in a claim for monetary damages due to injury to another or damage to another's property is Option 2: Property Damage.

This claim could arise when, for example, a person's car is damaged, stolen, or causes damage to others, or when a dwelling is damaged or burglarized.

Insurance often plays a critical role in these scenarios, providing financial compensation to the affected parties as per the terms of the policy.