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Question: A peril is

Options:

  1.  A moral hazard
  2.  The cause of a loss
  3.  A condition that increases the chance of a loss
  4.  The probability that a loss will occur

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2. The cause of a loss

A peril is the cause of a loss.


Explanation:

A peril is an event or situation that causes or may potentially cause a loss. Examples of accidents include fire, flood, hailstorms, hurricanes, typhoons, car accidents or domestic accidents.

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