Question

A risk or damage covered by an insurance policy is called as?

A Coverage Correct Answer Incorrect Answer
B Annuity Correct Answer Incorrect Answer
C Lapse Correct Answer Incorrect Answer
D Peril Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

A hazard is an action, condition, circumstance or situation that makes a peril more likely to occur or a loss more likely to be suffered as the result of a peril. Examples of hazards include dangerous behaviors, such as skydiving or base jumping, that increase the likelihood of injury.

Practice Next
×
×