What is the monetary range for Class E mishap?

What is the monetary range for Class E mishap?

• A. $5,000 to $25,000
• B. $50,000 to $100,000
• C. $0 to $5,000
• D. $25,000 to $100,000

Answer: (A)

Classifying mishaps by the cost of property damage uses specific dollar ranges to determine how much reporting and investigation are required. For this item, Class E covers incidents where the property damage falls between five thousand dollars and twenty-five thousand dollars. So, damages at least five thousand but not more than twenty-five thousand belong to this class. If the damage is under five thousand, it would be placed in a lower class, and if it exceeds twenty-five thousand, it would move into a higher class with more extensive reporting. The range five thousand to twenty-five thousand dollars precisely fits the definition for this class.

Classifying mishaps by the cost of property damage uses specific dollar ranges to determine how much reporting and investigation are required. For this item, Class E covers incidents where the property damage falls between five thousand dollars and twenty-five thousand dollars. So, damages at least five thousand but not more than twenty-five thousand belong to this class. If the damage is under five thousand, it would be placed in a lower class, and if it exceeds twenty-five thousand, it would move into a higher class with more extensive reporting. The range five thousand to twenty-five thousand dollars precisely fits the definition for this class.