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Risk, Peril, and Hazard: Three Insurance Terms You Must Know

Risk, Peril, and Hazard: Three Insurance Terms You Must Know

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Risk, peril, and hazard sound similar, but on the insurance licensing exam, they mean very different things. In this episode of Insurance in the Car, we break down each concept using simple examples involving homes, health, and life insurance. By the end, you’ll be able to recognize the difference between a risk, a peril, and the three major types of hazards—physical, moral, and morale.
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