Which of the following is an insurable risk? A) a tsunami B) being fi
QUESTION
Which of the following is an insurable risk?
A) a tsunami
B) being fired or laid off
C) business competition undercutting you on price
D) a regime change in the Middle East
E) a war in Africa
ANSWER
Answer: A
Explanation: A) A tsunami is an insurable risk because it meets the insurer’s requirements for coverage. The other four risks do not meet these requirements.
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