How can we define Insurability?
Others answers (1)
- eAnswers...Aug 10, 2014
Insurability is a term that is used to judge a particular kind of loss whether it is valid to be insured or not. Those having very low insurability are termed as uninsurable and issues from such type of individuals are refused by the insurance companies. For an example those suffering from a terminal illness and a life expectancy of 6 months or less are known as uninsurable.
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