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      • Native Language:
      • Persian
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      • Iran
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      • Iran

    • Join Date: Jul 2011
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    #1

    Danger vs. Risk vs. Peril

    Hi guys,

    As alluded, what's the difference? I just came across a test and it is:

    Since you live in a region of tornadoes and hurricanes, think about insuring your property for all... .
    (a)dangers (b)risks (c)threats (d)uncertainties

    Of course (b) is picked as the correct answer.
    I would appreciate it if someone would explain the slight discrepancy between the words.

    Thanks ahead,

    • Member Info
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      • American English
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      • United States
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      • United States

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    #2

    Re: Danger vs. Risk vs. Peril

    You insure against risk. To take a risk means that you are facing the possibility of loss. When you build a home, you are "gambling" against the small odds that you will lose your home because of where it is located. Insurance covers you if those odds play out against you.

  1. konungursvia's Avatar
    • Member Info
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      • Canada
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    #3

    Re: Danger vs. Risk vs. Peril

    Risk is the name given in business to calculations of dangerous probabilities. It is quantified. The others are not.

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