Losses that are accidental make prediction difficult, cause coverage to be expensive, and represent circumstances in which coverage would be contrary to public policy.

Question

Quizplus · Accepted Answer

Losses that are accidental make prediction easier through statistical analysis, which is fundamental for insurance companies to set premiums. Coverage for accidental losses is common and not contrary to public policy, as it helps spread financial risks.

Losses That Are Accidental Make Prediction Difficult, Cause Coverage to Be