Meaning of the word "insurable risk" in English
What does "insurable risk" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
insurable risk
US /ɪnˈʃʊrəbl rɪsk/
UK /ɪnˈʃʊə.rə.bəl rɪsk/
Noun
a risk that meets the criteria for being insured, typically because it is quantifiable, accidental, and not catastrophic to the insurer
Example:
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The damage from the hailstorm was considered an insurable risk.
•
Not all business risks are an insurable risk; some are too unpredictable.
Synonym: