Augusta
VIP Contributor
Insurance is all about getting protection for yourself and assets. The truth remains that no one can predict the future as such it is pertinent to guard self aganist happenings or unforgettable risk and loss.
But there are risks that the insurance company cannot insure since there are termed uninsurable risks. These risks would never be agreed to be insure by the company no matter how much premium one will be willing to pay. These uninsurable risks are :
Pandemic risks
Currency
Financial instruments
Gemstones
Trade secret risks
Political risks
Reputional risks
Regulatory risks
The. Insurance company see this kind of risks as high risks that the claims will be too high for them to pay. And again, there's high probability that the risks will occur. So they avoid such coverage.
What do you think of this?
But there are risks that the insurance company cannot insure since there are termed uninsurable risks. These risks would never be agreed to be insure by the company no matter how much premium one will be willing to pay. These uninsurable risks are :
Pandemic risks
Currency
Financial instruments
Gemstones
Trade secret risks
Political risks
Reputional risks
Regulatory risks
The. Insurance company see this kind of risks as high risks that the claims will be too high for them to pay. And again, there's high probability that the risks will occur. So they avoid such coverage.
What do you think of this?