Summary Of N. J. Boardwalk Fire

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One direct loss illustrated in the article “N.J. boardwalk fire blamed on old wiring damaged by Hurricane Sandy” is the physical damage to 30 businesses along the New Jersey boardwalk. The businesses were destroyed, which caused an enormous reduction in the value of their structures, e.g. the buildings they operated in. The peril that caused the loss is the fire, which burned down the buildings. The fire is the direct cause of the loss. It was caused by the malfunction of an old wire, which was additionally worn down by sand and sea water tossed up by storm Sandy. Therefore, this wire would be a physical hazard, as it increases the chance of a loss.

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