In order for a potential loss to be insurable it must be
A)fortuitous and financial.
B)indemnifiable.
C)catastrophic.
D)expected.

Question

Quizplus · Accepted Answer

A potential loss must be fortuitous, meaning it is unexpected and beyond the control of the insured, and it must be financial in nature in order to be insurable. Losses that are expected or certain, such as normal wear and tear, are not insurable. Indemnifiability and catastrophism are not requirements for insurability.

In Order for a Potential Loss to Be Insurable It