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An example of a non-insurable risk is?

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Commerce JAMB 2008

An example of a non-insurable risk is?

  • burglary
  • speculation checkmark
  • fire
  • accident

The correct answer is: B

Explanation

Uninsurable risks are risks that cannot be covered because they are either too probable, too catastrophic, and costly to cover. Risks whose peril cannot be predicted nor estimated are also considered non-insurable.

Events such as war, terrorism, and radioactive contamination are also considered non-insurable.

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