btaliat
VIP Contributor
I have read through most posts centered on insurance on this forum. And it is not a gainsaying that they have covered most of the policies insurance can cover.
However, we need to know that there are some things that insurance can not cover. The reason why most of these things can not be insured is that they are not measurable or easily forecast.
The insurer will not want to waste his money since he knows that the likelihood of that incident happening is not certain. Examples of those things that can not be insured include : gambling, risks that's due to war, launching of new products., the poor location of a business.
Insurable risks are types of risks which the insurer can make provision for because it is possible that these incidents may happen because they can be calculated or even measured. Examples of this risk are motor, life and even marine.
However, we need to know that there are some things that insurance can not cover. The reason why most of these things can not be insured is that they are not measurable or easily forecast.
The insurer will not want to waste his money since he knows that the likelihood of that incident happening is not certain. Examples of those things that can not be insured include : gambling, risks that's due to war, launching of new products., the poor location of a business.
Insurable risks are types of risks which the insurer can make provision for because it is possible that these incidents may happen because they can be calculated or even measured. Examples of this risk are motor, life and even marine.