list the three types of risks that are uninsurable.

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Asked 1/9/2011 11:30:45 PM

Updated 6/22/2021 12:36:39 PM

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User: list the three types of risks that are uninsurable.

Weegy: An uninsurable risk is a risk where the potential for loss is too high or where the insurance is considered illegal, criminal, or prohibited by public policy. [ For example, a person could be considered an uninsurable risk if their medical examination and other evidence suggests that the potential for loss is extremely high. If the medical evidence indicates that the patient is terminally ill, a life insurance company will likely decide that the person is an uninsurable risk. Another example of an uninsurable risk is when a loss is considered inevitable. If a forest fire is burning a block away from your home and headed your way, you won’t likely be able to obtain a fire insurance policy at that moment because the risk of the fire consuming your home is extremely high. In addition, insurance companies do not cover illegal acts or activities that are prohibited by public policy. For example, insurance companies don’t issue policies covering losses related to illegal drug manufacturing businesses. ]
Expert answered|kittyxan|Points 0|

User: what types of losses are homeowner's insurance policies designed to cover.

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Asked 1/9/2011 11:30:45 PM

Updated 6/22/2021 12:36:39 PM

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Jona11

Interior damage, exterior damage, loss or damage of personal assets/belongings, and injury that occurs while on the property. - are types of losses are homeowner's insurance policies designed to cover.

Added 6/22/2021 12:36:39 PM

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