Question: What is the difference between a peril and a hazard? Group of answer choices Perils increase the likelihood of a loss and hazards are the

What is the difference between a peril and a hazard?
Group of answer choices
Perils increase the likelihood of a loss and hazards are the cause of a loss.
A peril is the cause of a loss and a hazard is something that increases the likelihood of a loss.
Perils include moral hazards and hazards include fires and storms.
There is no difference.

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