Question

Policyowner P insured his house under a Homeowners Policy and has just finished painting the Inside. He has some leftover paint that he stores in the basement. What kind of hazard does the stored paint present?

a) Physical Hazard
b) Moral Hazard
c) Morale Hazard
d) Perilous Hazard

Answer 1

The stored paint presents a physical hazard as it can be flammable and potentially cause a fire.

Step-by-step explanation:

The stored paint in the basement presents a physical hazard.

Physical hazards are conditions or situations that increase the probability of loss or damage to property. In this case, the stored paint can be flammable and potentially cause a fire hazard. It poses a risk to the property owner and the surrounding environment.

It is important for the policyowner to store the paint properly and follow safety guidelines to mitigate the risk of a potential fire.