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Dangers ( in Insurance ), it means Scenario the place the chance distribution of a variable (such as burning down of a constructing) is understood but its mode of incidence or actual value (whether or not the fire will happen at a selected property) is just not. A risk just isn’t an uncertainty (where neither the likelihood nor the mode of the incidence is thought), a peril (reason behind loss), or a hazard (agent or situation that makes the prevalence of a peril extra likely or extra extreme).

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