Exchange Currency

morale hazard

A hazard that is based in the insured's attitude toward the insured belongings. This hazard exists when the insured no longer cares about his or her possessions because they are insured, for example, when an insured hopes to be in a car accident in order to have the insurance pay for a new car.

Related information about morale hazard:
  1. Morale hazard - Wikipedia, the free encyclopedia
    In insurance analysis, morale hazard is an increase in the hazards presented by a risk arising from the indifference of the person insured to loss because of the ...
     
  2. Moral hazard - Wikipedia, the free encyclopedia
    ... stance that individuals diversify risk via insurance. Insurance analysts sometimes distinguish moral hazard from a related concept they call morale hazard.
     
  3. Moral Hazard Versus Morale Hazard in Insurance - Yahoo! Voices ...
    Oct 1, 2009 ... Section 12 of The Actuary's Free Study Guide for Exam 5 discusses the concepts of moral hazard and morale hazard as they pertain to ...
     
  4. morale hazard - Insurance Glossary
    morale hazard - A term used to describe a subjective hazard that tends to increase the probable frequency or severity of loss due to an insured peril.
     
  5. What is morale hazard? definition and meaning
    Definition of morale hazard: Circumstance that increases the probability of occurrence of a loss, or a larger than normal loss, because of an insurance-policy ...
     
  6. What is the difference between morale hazard and moral hazard
    Morale hazard - conditions resulting from a person's indifferent attitude toward a loss when a property of exposure is insured, such as failing to lock the doors or ...
     
  7. Morale hazard - The Free Dictionary
    A risk to an insurance company resulting from uncertainty about the honesty of the insured. moral hazard. n. (Business / Insurance) Insurance a risk incurred by ...
     
  8. What is MORALE HAZARD? - The Law Dictionary
    Definition of MORALE HAZARD: Circumstance increasing loss-occurrence probability or abnormal loss due to an insurance policy applicant's indifferent attitude ...