What does Resultant Damage mean? Read on to discover the definition & meaning of the term Resultant Damage - to help you better understand the language used in insurance policies.
Resultant damage is secondary damage that occurs as a result of some other primary damage. For example, if a tree falls onto a house, this would be primary damage. However, if this accident caused a pipe to burst which then flooded the house, the flood damage would be resultant damage.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Resultant Damage. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: