Risks could be and not be insured.

Risks could be insured.

1.A number of risks then have style and condition similar needs to be enough.

2.Danger or risk. Will be realized.

3.Danger or risk not intending to be a disaster occurs.

4.Disaster occurs must not be a disaster, including Catastophe or serious disasters such as earthquakes. This disasters will break the law of large numbers.

5.Risk must not be too small for insurance losses such as insurance losses with only one eye glasses. This is just a little. It is not worth the time and labor costs have been.

6.The cost of the insurance shall not be higher than usual. Premium rate it includes 2 components parts: the pure premium with other expenses include a gain. If the real premium have a little and most other expenses. It was not worth the cost to policyholders.


Risks that may not be insured.

Occasionally, we may hear wording everything can be insured. In fact be not. The following risks that it may not be insured.

1.Lack of statistics such as retail and fashion can not be insured for damage caused by a sudden change in fashion.

2.Risk as oppose to benefit of the public, such as motorists can not be insured to cover the penalty in case lawbreaker of traffic rules.

3.The risk is too much risk such as the war is the responsibility of the government to pay compensation.