The reduction, decrease, or disappearance of value of the person or property insured in a policy, by a peril insured against is known as

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The reduction, decrease, or disappearance of value of the person or property insured in a policy, by a peril insured against is known as

1. Exposure.

2. Hazard.

3. Risk.

4. Loss

Answer: 

3. Risk.

4. Loss

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