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9 September, 06:42

Which category of risk is often managed by purchasing insurance?

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  1. 9 September, 07:02
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    hazard risk.

    Explanation:

    When someone buys risk insurance, they aim to protect themselves against disaster risk. The insurance protects against risks of natural disasters, landslides, fires, and others that are provided for in policies. Through insurance, the individual will receive a financial amount to cover any damage provided for in the contract.
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