Which type of risk is most likely to be insurable?

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asked Jul 27, 2023 94.3k views

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Vidya · Answer 1 · 2023-07-31T20:49:28+0000

Answer:

Pure risk is the only type of risk that is insurable because there is only the chance of loss. The Law of Large Numbers allows the probability of loss to become more predictable.

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Which type of risk is most likely to be insurable?

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