What type of hazards arise from the property’s use or condition?

The correct answer is physical hazards, which arise from the property's use or condition. Physical hazards refer to any identifiable factors that can increase the likelihood of a loss occurring due to physical conditions or actions associated with the property. This can include, for instance, the structural integrity of a building, the presence of slippery floors, or poorly maintained electrical systems. These hazards are tangible and can be directly observed or measured.

In contrast, other types of hazards involve different aspects. Human hazards pertain to behaviors or actions of individuals that can lead to accidents or loss but are not directly a result of the physical state of the property. Environmental hazards relate to external factors like natural disasters, climate conditions, or geographical features impacting the property. Moral hazards involve the ethical aspects where individuals may take risks because they believe they are insured, which is more about an attitude rather than the physical condition of the property itself. Each of these types presents unique considerations in risk assessment, but physical hazards specifically focus on the state and use of the property.