The Uncertainties of Direct and Indirect Losses Due to Fire

question 1

Multiple Choice

The uncertainties of direct and indirect losses due to fire, wind, accident, theft, etc., are called ____________ risks.

• A)personal
• B)business
• C)property
• D)liability
• E)speculative

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Definitions:

Medical Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, typically through direct payment or reimbursement.

Optical Insurance

A type of health insurance coverage that includes benefits for vision care, including eyeglasses, contact lenses, and eye exams.

Dental Insurance

A type of health insurance designed to cover a portion of the costs associated with dental care, including routine check-ups, cleanings, x-rays, and other treatments.

Unemployment Compensation

Financial payments made to individuals who have lost their job without fault on their own part, intended to provide temporary financial support.