The term used for event in which large number of losses occur to life and property is -------.
Home
/
Social Sciences
/
The term used for event in which large number of losses occur to life and property is -------
The term used for event in which large number of losses occur to life and property is -------.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Answer:
This chance of loss is called as risk. The cause of the risk event is known as peril.
Explanation:
The likelihood that an insured event will occur, requiring the insurer to pay a claim. For example, in life insurance, the insurance risk is the possibility that the insured party will die before his/her premiums equal or exceed the death bene
Mark it as the brainliest
Answer:
This chance of loss is called as risk. The cause of the risk event is known as peril.
Explanation: