Indifference to loss because of the existence of insurance of insurance is an example of a

Question

Question: Indifference to loss because of the existence of insurance of insurance is an example of a

Options:

1.  Physical hazard
2.  Objective probability
3.  Moral hazard
4.  Morale hazard

Answer 1

4. Morale hazard

Indifference to loss because of the existence of insurance of insurance is an example of a Morale hazard.