Life & Health · Chapter 2 · Perils, Losses & Hazards
Hazard
Definition
A condition that increases the likelihood that a peril will occur. Three types: physical, moral, and morale — all arising from conditions relating to the insured.
Example
Icy roads, driving drunk, improperly stored toxic waste.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms