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Zorluk: KolayPerils and Hazards

An office building contains a piece of machinery with a frayed and exposed electrical cord. Eventually, the exposed wires spark and cause a fire that damages the surrounding area. According to fundamental insurance principles, which of the following best describes what the frayed electrical cord represents?

  1. A physical hazardCevap
  2. B
    A peril
  3. C
    A moral hazard
  4. D
    A speculative risk

Cevap

The frayed electrical cord represents a physical hazard.
A physical hazard is a tangible characteristic of property, persons, or operations that increases the frequency or severity of a loss. A frayed electrical cord is a physical defect that increases the likelihood of a fire, fitting this definition perfectly.

Adım Adım Çözüm

1
Identify the active cause of the loss versus the condition that made it likely.
The fire is the active cause (peril), while the frayed cord is the underlying condition that increased the likelihood of the fire.
Distinguishing between perils and hazards is the core principle being tested.
2
Determine the specific category of the condition the frayed cord represents.
Because the cord is a tangible, material defect in the property, it is classified as a physical condition rather than a behavioral issue.
Hazards are categorized as physical, moral, or morale based on their nature.

Anahtar Kavram

Hazards vs. Perils
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Konular

Perils and Hazards

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