what is Risk in Insurance can anybody tell me ?

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what is Risk in Insurance can anybody tell me ?

2006-09-12 22:54:09 · 4 answers · asked by ali 1 in Business & Finance ➔ Insurance

4 answers

Price depends on the risk

2006-09-13 05:13:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Risk if how likely you are to have an insured loss. In other words, what is the chance they will have to pay a claim.

2006-09-13 19:24:47 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋

the risk to the insured or to the company?

2006-09-13 16:26:00 · answer #3 · answered by Lola76 5 · 0⤊ 0⤋

It's insurance to protect you against a risk.

A risk can be loss of income if you become disabled, but more commonly it is considered to be loss by fire, theft, flood, accident and injuries you may cause another.

2006-09-13 13:17:06 · answer #4 · answered by jbowler 3 · 0⤊ 0⤋