The phase of Identifying risks is when we increase the amount of insurance coverage on one's vehicle.
<h3>What is a Risk Management?</h3>
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.
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