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Increasing the amount of insurance coverage on your vehicle is part of which phase of risk management?

A: Assess risks
B: Control risks
C: Reduce risks
D: Identify risks

(Financial Literacy)

Sagot :

Tundexiidn

The phase of Identifying risks is when we increase the amount of insurance coverage on one's vehicle.

What is a Risk Management?

A Risk Management refers to the identification, analysis and response to risk factors that affects a business, entity etc

Thus, the increasing of the amount of insurance coverage is in the phase of Identifying risks because the its leads to coverage of identified additional risk on the vehicle.

Therefore, the Option D is correct.

Read more about Risk Management

brainly.com/question/13760012

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