74 of 90 In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a risk due to internal or external physical conditions. Which one (1) of the following is NOT a peril? Lightning. Natural gas heating. Windstorm. Burglary.
74 of 90 In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a risk due to internal or external physical conditions. Which one (1) of the following is NOT a peril? Lightning. Natural gas heating. Windstorm. Burglary.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:74 of 90 In insurance terms, a "peril" is frequently described as a cause
of loss while an "exposure" is a hazard threatening a risk due
to internal or external physical conditions. Which one (1) of
the following is NOT a peril?
Lightning.
Natural gas heating.
Windstorm.
Burglary.

Transcribed Image Text:75 of 90
Which one (1) of the following clauses in a property insurance
policy does NOT affect the amount of settlement an insured
would receive as a result of an insured loss?
Co-insurance clause.
Deductible clause.
Pro-rata distribution clause.
All perils rider.
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