Insurable and Non-Insurable Risks

When we talk of insurance, we are referring to risks in all forms. Hence, having for an insurance policy is just a way of sharing our risks with other people with similar risks.

However, while some risks can be insured (i.e. insurable risks), some cannot be insured according to their nature (i.e. non-insurable risks).

Insurable Risks

Insurable risks are the type of risks in which the insurer makes provision for or insures against because it is possible to collect, calculate and estimate the likely future losses. Insurable risks have previous statistics which are used as a basis for estimating the premium. It holds out the prospect of loss but not gain. The risks can be forecast and measured e.g. motor insurance, marine insurance, life insurance etc.

This type of risk is the one in which the chance of occurrence can be deduced, from the available information on the frequency of similar past occurrence. Examples of what an insurable risk is as explained:

Example1: The probability (or chance) that a certain vehicle will be involved in an accident in year 2011 (out of the total vehicle insured that year 2011) can be determined from the number of vehicles that were involved in accidents in each of some previous years (out of the total vehicle insured those years).

Example2: The probability (or chance) that a man (or woman) of a certain age will die in the ensuring year can be estimated by the fraction of people of that age that died in each of some previous years.

Non-insurable Risks

Non-insurable risks are type of risks which the insurer is not ready to insure against simply because the likely future losses cannot be estimated and calculated. It holds the prospect of gain as well as loss. The risk cannot be forecast and measured.

Example1: The chance that the demand for a commodity will fall next year due to a change in consumers’ taste will be difficult to estimate as previous statistics needed for it may not be available.

Example 2: The chance that a present production technique will become obsolete or out-of-date by next year as a result of technological advancement.

Other examples of non-insurable risks are:

1. Acts of God: All risks involving natural disasters referred to as acts of God such as

a. Earthquake

b. War

c. Flood

It should be noted that any building, property or life insured but lost during an occurrence of any act of God (listed above) cannot be compensated by an insurer. Also, this non-insurability is being extended to those in connection with radioactive contamination.

2. Gambling: You cannot insure your chances of losing a gambling game.

3. Loss of profit through competition: You cannot insure your chances of winning or losing in a competition.

4. Launching of new product: A manufacturer launching a new product cannot insure the chances of acceptability of the new product since it has not been market-tested.

5. Loss incurred as a result of bad/inefficient management: The ability to successfully manage an organization depends on many factors and the profit/loss depends on the judicious utilization of these factors, one of which is efficient management capability. The expected loss in an organization as a result of inefficiency cannot be insured.

6. Poor location of a business: A person situating a business in a poor location must know that the probability of its success is slim. Insuring such business is a sure way of duping an insurer.

7. Loss of profit as a result of fall in demand: The demand for any product varies with time and other factors. An insurer will never insure based on expected loss due to decrease in demand.

8. Speculation: This is the engagement in a venture offering the chance of considerable gain but the possibility of loss. A typical example is the action or practice of investing in stocks, property, etc., in the hope of profit from a rise or fall in market value but with the possibility of a loss. This cannot be insured because it is considered as a non-insurable risk.

9. Opening of a new shop/office: The opening of a new shop is considered a non-insurable risk. You don’t know what to expect in the operation of the new shop; it is illogical for an insurer to accept in insuring a new shop for you.

10. Change in fashion: Fashion is a trend which cannot be predicted. Any expected change in fashion cannot be insured. A fashion house cannot be insured because the components of the fashion house may become outdated at any point in time.

11. Motoring offenses: You cannot obtain an insurance policy against expected fines for offenses committed while on wheels.

However, it should be noted that there is no clear distinction between insurable and non-insurable risks. Theoretically, an insurance company should be ready to insure anything if a sufficiently high premium would be paid. Nevertheless, the distinction is useful for practical purposes.

Download Pokemon Games: The Best Pocket Monsters To Check Out

If you enjoy a game that you found over the internet so much, you would definitely find a way to download it. However, not all games can be obtained as easily as that. For starters, there are some that are for sale, as there will always be free versions circulating all around. If you would like to find out what games would excite you without having to pay for anything at all, try Pokemon. Download Pokemon games online and you will surely love everything about it.

Pokemon games were originally released in Japan as RPGs or role playing games. As RPG, it requires both strategy and skills to play. It is not the type of game that you can finish in one sitting. The game of the player have to be saved while he travels many worlds and goes to many battles until he gets toe-to-toe with the greatest Pokemon trainer in the league. The game only ends if the player successfully strips the champion of his title. To do that, you would need the help of the cute Pocket Monsters whose names are Pickachu, Charmander, Bulbasaur, and Squirtle, among many others. There are actually 646 kinds of them to collect!

Since the first ever Pokemon game, there have been many sequels released. That’s not mentioning the remakes, translations, and the many variations of such games. This is what paved the way for online Pokemon games which a player can download into his computer so he can play it offline. Which fan wouldn’t know about the Pokemon Blue, Sapphire, and Crystal editions anyway? Even the game is evolving like the monsters themselves.

To download Pokemon games is rather easy. After a few clicks of the mouse, everything will be ready for installation in your computer. However, it is not advisable to download games from just about any website. It pays to know more about that gaming site that you visit and decide correctly if they are trustworthy enough to obtain games and files from. Download programs only from well-respected and highly established gaming sites so that you will not put your computer at the risk of anything. If you download now, then you’ve got higher chances of seeing rare Pokemon like Sableye and Happiny live in action.

Online Pokemon games are as engaging as the original releases. In most of these games, the concept of RPG is adapted. Many other games incorporate simple racing, fighting, and puzzle games. But the use of the 646 Pokemon characters in these games is the one most striking. In certain titles, a player can pit Raichu against Pidgeotto; or a Sandshrew against a Spearow. It is actually exciting to see how a Pokemon evolves after several battles.

However, if you were to download Pokemon games, it is highly advised that you get straight to the RPG category of your chosen gaming website. This is the genre that made Pokemon popular. Find a version of the original Pokemon game, like Pokemon Red, over the internet and get a copy of it for yourself. It was Pokemon that had set the standards of online RPG. Before all other role-playing games hit the internet, Pokemon was the first one to master the game play. It was the very first RPG game made for a console and since its commercial success, many other gaming companies followed suit.

A Review of the King of Mouse Slot Machine

The King of Mouse is a poker machine that is popular in the market. The King of Mouse is a machine that offers two-year warranty with each set, which covers everything but the light bulbs. The machine plugs right in to your wall and there is no installation required. We associate this added convenience with the machine.

The machine is 110 volt ready and can be immediately installed. It is a factory-refurbished slot machine. The King of Mouse is not too old and the limit of age is fixed at one to five years. There is a key for complete access to the machine. The key ensures that the user can use the machine fully without any major inconvenience.

A basic operating manual is also provided with the machine and this is supplemented with unlimited technical support by phone. The provision of unlimited technical support by phone ensures complete coverage of the possible problems that the user may face when he or she is using the machine. This is an added advantage and the customer support is of the highest quality. The customer support is toll free and provides the best service.

The machine has a fully animated LCD screen and it provides unlimited entertainment. There is a reset/switch key in order to change the odds. There is the facility of full light and sound and it recreates the facility enjoyed in casinos. There are custom-made labels in each machine. These labels ensure that the user can easily locate the reset switch power and volume controls without referring to the manual. The use of the manual becomes redundant and the use of the machine becomes much easier.

The King of Mouse machine can be operated by using tokens only and cannot be changed readily to accept coins. There is the option of playing with 1, 2 or 3 coins at once and not more than that. Some newer machines provide the option of betting with a maximum of three coins.

There are also animated displays or video screens and they are provided depending on the titles. The LCD display screen is a unique feature and provides its own benefits. The LCD screen has a high usage rate and can be used for a long periods without any damage.

The machines undergo some changes as they arrive from the factory. These machines usually arrive form casinos in Japan. The machine undergoes an electrical overhaul. The electrical overhaul ensures the safety of the machine, the safety of the user and the functionality of the machine. The technicians put the machine through a series of tests and the safety and proper functioning of the machine is looked into.

The warranty of the machine does not count when the damage is done due to natural causes or fire, lightning, water or dropping and such other damages. The machines are very durable and made of high quality durable materials and the company recommends that they should last for a lifetime. These are the features of the King of Mouse gaming machine.

Ninja Games Online – Dragon Fist 3

Free ninja games you can play online have gathered quite a following in recent years. More and more arcade game website owners and flash game developers seem to be willing to take their chances with ninja games online. Popular titles in this flash game genre all share a few common traits, such as the setting in medieval Japan, the traditional ninja weapons, and the appearance of the game characters. However, one aspect of these games that sets each of them apart is the amount of effort and detail that was invested in their creation. One ninja game worth mentioning is Dragon Fist 3.

The online ninja game Dragon Fist 3: Age of the Warrior, the third game title in the sequel, features a number of options and game play characteristics that rivals paid games. This game is a side scrolling fighting game, which up to four players can play against the computer. Some of the features include thirty two playable characters, out of forty two total, fourteen fighting styles, and the ability to play in single or multi-player modes.

The developers of this online ninja game made two different versions of the game in order to allow owners of lower computers to share the fun. For these slower computers a smaller version of the game was released, which also has a slower screen resolution for faster load up times. There is also a Mac, and a downloadable version which the player can enjoy right on his desktop. Included in the regular version, the player can still choose among the options given a lower screen resolution, the use of weapons or not, whether to see blood in the game, and the ability to disable sounds.

Each player, if playing in multi-player mode, will have their own set of controls based on the keyboard. They are not at all difficult to learn, and provide enough character controls to keep the player busy for a while. The controls feature basic movement commands to move left, right, jump up or block. Then there are your attack keys, which command the character to punch, kick, or throw weapon. For hard core gamers looking to intensify their playing experience, there a number of key combinations available to each player made for special commands, sweeping, grabbing, and picking up objects.

Another great feature of this online ninja game is the inclusion of a character editor. However, this editor will only become available to the player after he successfully completes the first level of difficulty. Moreover, once you have decided to give a try in single player mode, the game goes on to offer a quick battle, a challenge match, a regular game, or a practice round. Perhaps this fighting game title was not designed with beginners in mind, but rather hard core ninja game followers who seek a more intense experience, have some knowledge of the genre and would like to take advantage of all the detail this game has to offer.