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Question: The danger of loss from the unforeseen circumstances in future refers to _________.

Options:

  1.  Perils
  2.  Hazards
  3.  Damage
  4.  Risk

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4. Risk

The danger of loss from the unforeseen circumstances in future refers to Risk.


More information:

Risk in insurance refers to the risk or likelihood of an accidental or unforeseen occurrence that could result in the loss or damage of a significant personal property or personal injury or death when insurers re-evaluate these risks, depending on the amount paid by the policyholder.

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