A loss that stems directly from an unbroken chain of events leading from an insured peril to the loss. Loss that is a Direct consequence of a particular peril. Fire damage to a refrigerator would be a Direct loss. Spoiling of food in the refrigerator as a result of the Fire damage would be an in direct or consequential loss, or a loss from a change in conditions. See Also: “Loss, Direct,” and “Consequential loss.”
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US: Financial loss that results directly from an insured peril.
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The immediate consequence of the action of an insured peril. A fire damaged structure is a direct loss by fire. In contrast – See Consequential loss.