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Senior Manager
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Joined: 05 Aug 2017
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Concentration: Strategy, Marketing
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Senior Manager
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WE:Engineering (Energy and Utilities)
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Joined: 26 May 2019
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GMAT 1: 650 Q46 V34
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Re: Melinda: Hazard insurance decreases an individual’s risk [#permalink]
C is the clear winner here. Risk need not only be in terms of occurrence of an event, it can also be non-payment of damage dues by the insurance cos because they become insolvent? (if every policy holder lodges a claim and the claim is approved)

The payment risk is reduced only when the insurance cos sell the insurance to lots of people, therefore, decreasing the overall probability of disaster and their consequent payout.
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Re: Melinda: Hazard insurance decreases an individuals risk [#permalink]
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
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Re: Melinda: Hazard insurance decreases an individuals risk [#permalink]
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