The Smart Investors

[Peaktrader]

The risk in insurance is the loss or damage, which may happen at any time. Insurance helps to evaluate such risks and provides coverage to lessen their financial impact whenever they occur.

[MarketMavin]

I would say there is also risk associated with insurance based on factors like lifestyle, location or career. Take for instance, the case of an office worker versus the firefighter. The office worker has a lower risk than the firefighter. That's just the simple scenario of the risk in insurance.

[Bola]

I would say there is also risk associated with insurance based on factors like lifestyle, location or career. Take for instance, the case of an office worker versus the firefighter. The office worker has a lower risk than the firefighter. That's just the simple scenario of the risk in insurance.

Yes you are right! The premiums will definitely be determined by insurers depending on these risks, because not all insurance policies are paid equally.