Mr. Kunal used to participate in Car race. While taking up the Insurance policy he disclosed this information. What kind of hazard does it refers to
Physical hazard
Fraudulent representation
Moral hazard
Peril
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While taking up an insurance policy, Mr Kunal discloses information about his participation in the car races. The kind of hazard this piece of information refers to Physical hazard. It is a condition in which the risk of personal or physical loss increases.
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