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Business, 14.04.2020 20:49 neparidzetazo

QUESTION 1 A factor that increases the likelihood of a loss is known as a . 1. Premium 2. Peril 3. Hazard 4. Risk 1 points QUESTION 2 When we take steps to reduce the occurrence or severity of a risk we are practicing 1. risk avoidance. 2. risk reduction. 3. risk assumption. 4. risk shifting. 1 points QUESTION 3 A situation in which a person is held responsible for the actions of another person is 1. negligence. 2. property damage liability. 3. vicarious liability. 4. comprehensive coverage. 1 points QUESTION 4 A higher deductible amount will reduce the amount paid for collision and comprehensive physical damage insurance. True False 1 points QUESTION 5 Renters property insurance would include coverage for

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