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California Property and Casualty Insurance //California Property and Casualty Insurance Test Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property. - CORRECT ANSW-The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be d...