need help asap In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a riskdue to internal or external physical conditions. Which one (1) of the following is NOT a peril?OA) Lightning.B) Natural gas heating.OC) Windstorm.OD) Burglary. Your insured causes damage as a result of a collision between his/her automobile and a refrigerated truck. Which one (1)of the following costs will NOT be covered under the respective O.A.P. 1 Owner's Policy for each vehicle for the resultinginsurance claims?OA) The cost to repair collision damage to the car and truck.OB) The consequential loss due to the thawing of the frozen food on the third party's truck.OC) The cost of renting a replacement vehicle for the third party while his/her own vehicle is being repaired.OD) The cost of replacing a used vehicle with a new vehicle.

Insurance is a financial arrangement designed to mitigate the impact of potential financial losses…

Answered: In insurance terms, a "peril" is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 37P

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In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a risk due to internal or external physical conditions. Which one (1) of the following is NOT a peril? OA) Lightning. OB) Natural gas heating. OC) Windstorm. OD) Burglary.