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Property InsuranceQuestion 3 / 10

Oily rags stored next to a furnace, which increase the likelihood of a fire, are an example of which type of hazard?

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✓ Correct answer: C. Physical hazard A physical hazard is a tangible condition of the property or surroundings that increases the chance of loss. Moral and morale hazards relate to a person's dishonesty or carelessness, not physical conditions.

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