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      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.

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