Insurance 101 – Chapter 3 – Volume 12 – The Physical Hazard

The Physical Hazard

Underwriters, before accepting a risk for insurance must consider the existence of physical hazards and the effect the physical hazards might have on the insurability of a particular risk.

A physical hazard denotes an increase in uncertainty caused by objective material factors.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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