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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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