Hazard in insurance means?

  • A a situation that posses a threat to life or property
  • B a situation where there is no agreement
  • C event that cannot legally be insured
  • D event that has been insured in the past
waec 2016insurance

The correct answer is A. a situation that posses a threat to life or property

Hazard is a condition or situation that increases the chance of loss in an insured risk.

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