In the world of insurance and compensation for losses, you need to understand two key concepts: Loss of profit and damage emerging. These terms refer to different aspects of financial losses that a person or entity may suffer as a result of an event covered by a Policy of Sure.. In this article, we will explore what the emerging damage is.
What is the emerging damage?
The emerging damage refers to the additional costs or costs incurred by a person or entity as a result of an event covered by insurance. These costs are costs that would not have occurred if they had not suffered No..
If we think, for example, of a car accident, it is normal that the car is damaged and must be repaired. The cost of the repair would be the emerging damage, since, if that car had not suffered that accident, it would not have been damaged or had to be paid that repair bill.
These are, therefore, direct costs related to the accident and would not have happened if the accident had not happened.
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