Respuesta :
The uncertainty of loss from fire, wind, or hail is a type of Risk retention which loss is to be paid by insurance company .
What Does Risk Retention Mean ?
Instead of shifting the risk to an insurance company by purchasing insurance, risk retention refers to a person's or an organization's decision to assume responsibility for a specific risk it faces. That indicates that the person or business has decided against acquiring insurance to shift the cost of a loss to a third party and will cover any damages out of their own pocket.
Companies frequently decide to keep certain risks when they think that doing so will be less expensive than fully or partially insuring against them. One example of a risk that many businesses decide to keep is shoplifting losses, as opposed to obtaining or making a claim on their crime insurance policy.
To learn more about Risk retention checkout the link below : https://brainly.com/question/16996059
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