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Risk that cannot be insured would change according to the Insurance companies own buiness policy and underwriting practice for eg for a standard personal lines underwriter - the 2 risk that he would not insurer would be a risk when a person has 1)high auto insurance claims or a person has a bad driving record . 2) Commercial autos These two risks would be declined and not insured by the standard auto insurance (Personal lines ) underwriters.
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∙ 14y ago
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Events or conditions that increase the chances of an insured loss occuring are referred to as?
risks
Can you be insured on 2 motability cars?
Yes you can be insured on 2 cars.
Which is more costly treaty or facultative?
Treaty reinsurance is costlier as it deals with the entire risks involved in the contract between the insurerReinsurance comapny) and insured(primary insurer) whereas facultative reinsurance deals with individual risks involved.
What are risks associated with 30 year term life insurance?
The risks associated are that premiums could go down during the term of the policy .The other risk is that the insured does not live to fulfill the policy term. i dont undersand what you are saying
Does a pet waste disposal company need to be bonded and insured?
Wouldn't hurt, I'd contact an agent and seek advise on what risks might be associated with this business that I need protection from.
What are the risks of diamonds?
All risk related to diamonds involves their value. Risk of theft and loss are primary for gem-quality diamonds. Best practices dictate that diamonds be insured.
Types of business risks?
1.transit insuarance 2.employees liability 3.consequential loss 4.fidelity guarantee 5.public liability
What are the different kinds of risk?
[1] PERSONAL RISKS [2]Liability risks [3]Legal risks [4] liability risks
Insured vs Insured Professional Liability?
The insured and the insured professional are one and the same.
Why doesn't your home insurance cover damage from a vehicle which is not insured under auto insurance?
That is not necessarily true. That is, if an uninsured vehicle runs into your house and causes damage to the house, your own homeowner's policy will generally pay for the repairs to the house. Naturally, payment will be subject to the terms, conditions and limitations of the policy. Further, the amount recoverable will be limited to the total amount payable under the homeowner's policy. If, instead, what you are asking is whether homeowner's insurance will cover damage to a vehicle, the answer is no. They are 2 different types of insurance covering 2 different kinds of risks. Premiums (the amount paid by the person insured) are determined by the nature of the risk(s) insured, the persons or entities insured, and the activities insured. Those factors differ between auto insurance and homeowner's insurance, so a total premium cannot be melded.
What are the different types of risks involved in a business and how to overcome such risks?
The major risks involved in a business are : 1) Competition 2) Credit giving 3) damages and losses
Are teens automatically insured to parents car?
They are insured as passengers they are not insured to drive it
