22 May Proximate Cause

The primary cause of loss or damage. Proximate cause involves an unbroken chain of events between the occurrence of an insured peril and damage to property. For example, water damage caused by firefighting is covered under the fire policy because fire was the proximate cause...

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22 May Pro Rata Cancellation

The cancellation of an insurance policy with the return of the full proportion of premium for the unexpired term of the policy. In pro rata cancellations, there’s no penalty for early cancellation....

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