To buy insurance, you must have insurable risk

You are surrounded by risks. Crossing the road is a risk, taking a flight is a risk, even munching on those fries is a health risk. You can't avoid risks, but it helps to know that there is insurance to protect you from the some of the damages that these risks can cause. Most people buy insurance in three quick steps: give the agent a hasty listen, sign the paper, and store the policy away. Few know what risks that policy insures, fewer know if they have an insurable interest in the policy?

This article was originally published on April 17, 2018.