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Uninsurable perils Definition And Meaning

Uninsurable perils Definition And Meaning

Losses arising out of war or a warlike action or rebellion and nuclear risks are generally excluded by all insurance because these losses are unpredictable and are often catastrophic in nature.

Insurance
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Similarly insurance companies also exclude normal wear and tear, gradual deterioration, and damages due to insects etc, because these are inevitable, non-accidental and are normal losses.

Insurance Law And Practice - ICSI
Uninsurable perils Definition And Meaning Uninsurable perils Definition And Meaning Reviewed by Ikpokolo Francis on Monday, May 22, 2017 Rating: 5

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