In insurance, the risk is ________.

Question

Question: In insurance, the risk is ________.

Options:

1.  Certain
2.  Uncertain
3.  Both (1) & (2)
4.  None

Answer 1

2. Uncertain

In insurance, the risk is uncertain.

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Explanation:

Risk in insurance is a threat or danger to which an insurance company has agreed to cover. These types of risks have the potential to cause financial losses such as property damage or physical damage.

In insurance, the risk is uncertain.