Susan Bize owns a home in Edmond,Oklahoma.She has a coffee maker in the home that has been recalled because it is likely to start fires.The coffee maker is an example of a:

Question

Quizplus · Accepted Answer

A hazard is any situation or object that can cause harm, damage or adverse health effects. The coffee maker in Susan Bize's home is a hazard because it has been recalled for the potential risk of starting fires. Peril refers to the cause of loss, risk refers to the likelihood of the loss occurring, premium is the cost of insurance coverage, and deductible is the amount the policyholder must pay before insurance coverage kicks in. None of these options fully apply to the situation with Susan Bize's coffee maker.

Susan Bize Owns a Home in Edmond,Oklahoma