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Snezhnost [94]
3 years ago
15

Difference between uninsurable and insurable risks

Business
2 answers:
Airida [17]3 years ago
6 0
Uninsurable risk : The risk cannot be estimated and not probable to forsee

Example : You cannot insure you losing or winning the lottery

Insurable Risk : If the risk is can be estimated and probable to forsee

Example : A football player insure their legs from potential injury

hope this helps
Pavel [41]3 years ago
6 0
Difference between uninsurable and insurable risks

Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.

I hope it helps, Regards.
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