Bob and Tina’s California neighborhood was ravaged by wildfires last summer. As a result, they installed a sprinkler system in their home to minimize damage in the event of a fire. This method of dealing with risk is called:

Insurance

Are you looking for the correct answer to the question “Bob and Tina’s California neighborhood was ravaged by wildfires last summer. As a result, they installed a sprinkler system in their home to minimize damage in the event of a fire. This method of dealing with risk is called:”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.

Bob and Tina’s California neighborhood was ravaged by wildfires last summer. As a result, they installed a sprinkler system in their home to minimize damage in the event of a fire. This method of dealing with risk is called:

A) risk avoidance.

B) risk retention.

C) risk transference.

D) risk reduction.

Answer: D

The above question Bob and Tina’s California neighborhood was ravaged by wildfires last summer. As a result, they installed a sprinkler system in their home to minimize damage in the event of a fire. This method of dealing with risk is called:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.