What is Mitigation of Loss | Insurance glossary by upcover

This condition requires the insured to act quickly to limit the loss after an event happens. Examples include covering exposed materials after a storm or calling a plumber after a pipe bursts. Why it matters: insurers expect a sensible, timely response, since fast action often helps a claim get paid sooner.

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Crisis Management Cover (Strata)

Business Continuity & Emergency Cover (Business Pack)

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Related Term

Crisis Management Cover (Strata)

Business Continuity & Emergency Cover (Business Pack)

Crisis Management & Reputation Protection (Business Pack)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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