Question

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

Answer 1

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.