FALSE, asset replacement insurance is not intended to replace assets damaged from a disaster.
A disaster is one that occurs over a short or long period of time and causes widespread human, material, economic or environmental damage beyond the capacity of the affected communities or societies to cope with their own resources. It's a serious problem it causes.
A disaster is a profound disruption in the functioning of a community, beyond its ability to cope. Disasters can be caused by natural disasters, man-made disasters, technological disasters, and many other factors that affect the hazards and vulnerabilities of communities.
A disaster is a sudden, destructive event that results in loss of life or property.
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