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Peril is cause of loss whereas hazard is condition which arises the chances of loss.
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∙ 11y ago
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Difference between a acute hazard and hazard?
A hazard may be dangerous. An acute hazard is very dangerous.
What is the definition of peril?
Danger; risk; hazard; jeopardy; exposure of person or property to injury, loss, or destruction., To expose to danger; to hazard; to risk; as, to peril one's life., To be in danger.
Define peril hazard physical hazard moral hazard morale hazard and legal hazard?
Peril: cause of a loss Hazard: increases the chance of a loss Moral Hazard: tendancy for an individual to take risks because the party taking the risk won't feel the cost of the loss Morale Hazard: indifference of an insured person to a loss because of insurance
What is the difference between a natural hazard and a man made hazard with examples?
unknown
Is the word hazard preferred above the word peril in the pure risk industry?
As far as I understand it, peril and hazard are two different things when used in the insurance context. Consider a house built on a flood plain. In the event of a flood the house is damaged. The peril in this case is flooding while the hazard is the location of the house on the flood plain.
What is the same word as danger?
Peril, Hazard, threat, jepordy, chance
What is the difference between hazard and problem?
its a problem when you loose your shoe. its a hazard to ride your bike in the street.
What is the difference between salinity hazard and sodium hazard?
Not all salts have sodium in them. So a salinity hazard could mean different salts.
Other words for dangerous?
peril, insecurity, jeopardy, risk, hazard, venture
What the meaning of risk?
Hazard; danger; peril; exposure to loss, injury, or destruction., Hazard of loss; liabillity to loss in property., To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication., To incur the risk or danger of; as, to risk a battle.
What is the difference between home owners insurance and hazard insurance?
Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.
What is the difference between hazard and outrage?
Hazard is something that can pose a threat to someone's life, health or property. Outrage is an act of violence or cruelty.
