What Is Uninsurable Risk?

Uninsurable risk refers to the risk that people belonging to this type of risk have a very high probability of death, so that the insurer cannot spread the risk in accordance with the normal law of large numbers and can only refuse to insure.

Insurable risk

Right!

Uninsurable risk refers to the risk that people belonging to this type of risk have a very high probability of death, so that the insurer cannot spread the risk in accordance with the normal law of large numbers and can only refuse to insure.

The following are generally considered to be uninsurable risks:

In personal insurance: (1) accidental injuries suffered by the insured during criminal activities; (2) accidental injuries suffered by the insured during provocations; (3) after the insured was drunk, ingested or injecting drugs An accident;

In property insurance: (1) war, hostilities, military operations, armed conflicts, strike riots; (2) intentional acts of the insured and their representatives can be condoned; (3) nuclear reactions, nuclear radiation and radioactive pollution; ( 4) Earthquakes, torrential rains, floods, typhoons, storms, tornadoes, snow disasters, hail disasters, icy mud, rock flows, cliff collapses, landslides, plumbing bursts, robbery, theft; (5) the insurance subject itself is missing, and deterioration caused by poor storage , Mildew, moisture, insect bites, natural wear, loss, spontaneous combustion, and melting losses; (6) various indirect losses caused by the danger of underwriting of the insured property; (7) losses caused by administrative or law enforcement actions; ( 8) Losses not covered by insurance coverage.