Why some losses not be compensate under law of insurance

Reference no: EM132131148

Question - Under the principle of insurance, the compensation that is provided is for the losses resulted from the risk existed previously. In some circumstances, for example natural disaster, not all losses could be claimed from the insurance company through the insurance policy subscribed. Discuss on why some losses could not be compensate under the law of insurance.

Reference no: EM132131148

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