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Management
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? OA) Lightning. OB) Natural gas heating. OC) Windstorm. OD) Burglary.

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? OA) Lightning. OB) Natural gas heating. OC) Windstorm. OD) Burglary.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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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? OA) Lightning. B) Natural gas heating. OC) Windstorm. OD) Burglary.
Transcribed Image Text: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? OA) Lightning. B) Natural gas heating. OC) Windstorm. OD) Burglary.
Your insured causes damage as a result of a collision between his/her automobile and a refrigerated truck. Which one (1) of the following costs will NOT be covered under the respective O.A.P. 1 Owner's Policy for each vehicle for the resulting insurance claims? OA) The cost to repair collision damage to the car and truck. OB) The consequential loss due to the thawing of the frozen food on the third party's truck. OC) The cost of renting a replacement vehicle for the third party while his/her own vehicle is being repaired. OD) The cost of replacing a used vehicle with a new vehicle.
Transcribed Image Text:Your insured causes damage as a result of a collision between his/her automobile and a refrigerated truck. Which one (1) of the following costs will NOT be covered under the respective O.A.P. 1 Owner's Policy for each vehicle for the resulting insurance claims? OA) The cost to repair collision damage to the car and truck. OB) The consequential loss due to the thawing of the frozen food on the third party's truck. OC) The cost of renting a replacement vehicle for the third party while his/her own vehicle is being repaired. OD) The cost of replacing a used vehicle with a new vehicle.
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