Dave and Darla are worried about their home's security as there have been a lot of robberies in the neighborhood lately. To ease their concern, they purchase insurance for their home and possessions. This is an example of __________.

A) risk analysis
B) risk acceptance
C) risk transference
D) controls

Risk Transference

A risk management technique where the potential impact of a risk event is shifted from one party to another, often involving insurance or contracts.

Home's Security

Refers to the measures and systems implemented to protect a residential property and its inhabitants from unauthorized access and other threats.