An insurance pre-licensing instructor is presenting a series of distinct claim scenarios to illustrate foundational risk concepts. Pair each specific scenario described below with its appropriate risk classification.
- A sudden lightning strike that causes a devastating fire in a detached garage.Peril
- An insured fabricating the theft of a high-end bicycle to receive a cash settlement.Moral Hazard
- A policyholder neglecting to lock their front door when leaving for vacation because they know their belongings are fully covered.Morale Hazard
- An accumulation of slippery moss on a shaded concrete walkway leading to a business entrance.Physical Hazard
Cevap
The lightning strike is a Peril; fabricating the bicycle theft is a Moral Hazard; neglecting to lock the front door is a Morale Hazard; and the slippery moss is a Physical Hazard.
Each scenario strictly aligns with foundational risk definitions: a peril is the active cause of loss (lightning), a moral hazard is intentional dishonesty (fabricating a theft), a morale hazard is carelessness (leaving a door unlocked), and a physical hazard is a tangible environmental condition (moss on a walkway).
Adım Adım Çözüm
Anahtar Kavram
Distinguishing between perils (causes of loss) and the three distinct types of hazards (physical, moral, and morale) that increase the likelihood or severity of a loss.