It’s not perfect, but it at least gets you thinking.
Because the adjusters have to price the risk objectively - house burn down? Risk relatively low. Submarine go pop? Probably not insurable at any price - either because risk is too high or they can’t evaluate it. And if they can’t, you likely can’t, unless you’re Cameron or someone similar.
That doesn’t mean uninsurable risks aren’t worth taking sometimes. Just be aware and realistic.
Because the adjusters have to price the risk objectively - house burn down? Risk relatively low. Submarine go pop? Probably not insurable at any price - either because risk is too high or they can’t evaluate it. And if they can’t, you likely can’t, unless you’re Cameron or someone similar.
That doesn’t mean uninsurable risks aren’t worth taking sometimes. Just be aware and realistic.