Question 1027 of 303 · California Life-Only Agent Exam
What is the difference between a peril and a hazard?
Exactly one answer is correct.
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Correct answer to question 1027
- A: A peril causes a loss, while a hazard makes a loss more likely or more severe
Explanation
Fire is a peril, and flammable materials are a hazard. Mixing up cause and condition is a common mistake.
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