Answer-What is the purpose of 'mitigation of loss'?

Question

What is the purpose of "mitigation of loss"?

A To minimize the impact of a loss Correct Answer Incorrect Answer

B To maximize the claim amount Correct Answer Incorrect Answer

C To avoid making a claim Correct Answer Incorrect Answer

D To delay the claim process Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Mitigation of loss refers to the steps taken by the insured to minimize the extent of the loss after an event occurs.

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