Increasing the deductible on your homeowner's policy is an example of
A) risk avoidance.
B) risk reduction.
C) risk retention.
D) risk transfer.
Correct Answer:
Verified
Q8: Personal liability coverage
A)protects you against the financial
Q9: In which of the following losses are
Q10: You have an insurable interest in an
Q11: Speculative risk
A)exists whenever there is the potential
Q12: The primary difference between entering into a
Q14: Quitting cigarette smoking and,thus,eliminating the cause of
Q15: Adverse risk selection occurs when
A)those with higher
Q16: Which of the following is an example
Q17: Which of the following is the best
Q18: When insureds engage in a pooling of
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