Hey there,
I am learning basic stuff about insurances right now and I am unable to answer the following question:
what characteristics of insurable risk is there for flood risk for cars but not for homes?
- loss is accidential
- definite and measurable
- no catastrophe potential
My guess would be that the catastrophe potential is smaller for cars. What would you say?
Thanks![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
I am learning basic stuff about insurances right now and I am unable to answer the following question:
what characteristics of insurable risk is there for flood risk for cars but not for homes?
- loss is accidential
- definite and measurable
- no catastrophe potential
My guess would be that the catastrophe potential is smaller for cars. What would you say?
Thanks