Multiple choice

Which of the following is a non-insurable risk?

  1. Risk out of theft <o:p></o:p>

  2. Risk of price fluctuation <o:p></o:p>

  3. Risk out of fire <o:p></o:p>

  4. Risk out of dishonesty from employees

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Right answer because risk of price fluctuation cannot be insured and no policy is available to cover the risk of changes in price of a product. The uncertainity of change in price cannot be forecasted and so it is a non-insurable risk.

Keep practicing — related questions