Which of the following is an insurable risk

The most common examples are key property damage risks, such as floods, fires, earthquakes, and hurricanes. Litigation is the most common example of pure risk in liability. These risks are generally insurable.

Which of the following types of risk is insurable quizlet?

Pure risk is the only type of risk that is insurable because there is only the chance of loss.

What is insurable risk quizlet?

Definition. 1 / 17. A risk that can result in financial loss, including personal risk, property risk, and liability risk. Tap the card to flip ��

What are the 3 elements of insurable risk?

Most pure risks can be divided into three categories: personal risks that affect the income-earning power of the insured person, property risks, and liability risks that cover losses resulting from social interactions. Not all pure risks are covered by private insurers.

Which of the following is an element of insurable risks quizlet?

For insurable risks, the following must be true: 1.) loss must be definite and measurable; 2.) the loss must be predictable; 3.) loss exposures must be chosen randomly; and 4.)