Question 13 Anything that may cause a loss is called a

Question 13 options:

Peril.

Negligence

Premium

Hazard

Question 14 An insurance company will

Question 14 options:

Insure speculative risk, but not pure risk

Insure neither pure risk nor speculative risk

Insure pure risk, but not speculative risk

Insure speculative and pure risks.

Question 15 If you choose to avoid the risk of a traffic accident by not driving to work, you are using

Question 15 options:

Risk assumption

Risk avoidance.

Risk reduction

Risk shifting.

Question 16 When Stanley was visiting Elaine, he tripped on her front porch step and sprained his ankle. His injuries were covered by

Question 16 options:

Elaine's health insurance coverage.

Stanley homeowner's policy.

Elaine's medical payments coverage.

Elaine's life insurance policy