The correct answer is D. Natural wear and tear to an asset.
A risk is something that could happen that would have a negative impact on you or your property. Insurance is a way to protect yourself from these risks.
Early death is a risk that is often covered by life insurance. If you die early, your life insurance policy will pay out a death benefit to your beneficiaries. This can help them to cover their expenses and maintain their standard of living.
Early death in an accident is another risk that is often covered by life insurance. If you die in an accident, your life insurance policy will pay out a death benefit to your beneficiaries. This can help them to cover their expenses and maintain their standard of living.
Disability is a risk that can be covered by disability insurance. If you become disabled and are unable to work, your disability insurance policy will pay you a monthly benefit. This can help you to cover your expenses and maintain your standard of living.
Natural wear and tear to an asset is not a risk that is typically covered by insurance. This is because natural wear and tear is a normal part of owning an asset. For example, your car will naturally wear down over time, even if you take good care of it. If you want to protect yourself from the financial impact of natural wear and tear, you can purchase a warranty or service contract.
I hope this helps!