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Purchasing an insurance policy that will repair or replace a damaged home is an example of_______risk. A. Avoiding B. Reducing C.retaining D. Transferring
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20 votes
20 votes
Purchasing an insurance policy that will repair or replace a damaged home is an example of_______risk.

A. Avoiding

B. Reducing

C.retaining

D. Transferring

User Bhavin Bhadani
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1 Answer

9 votes
9 votes

Answer:

D) Transferring

Step-by-step explanation:

Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another; by which a specified risk of loss is passed from the policyholder to the insurer.

User AnorZaken
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