Bill has a custom-built vehicle looks like a sausage sandwich on wheels. He plans to drive it to special events at schools around the country where it will serve as a mobile billboard to promote his product. Bill is surprised to learn that insurers are reluctant to insure his vehicle because it fails to meet one of the ideal characteristics of an insurable risk. Which characteristic is Bill's vehicle least likely to meet?

Bill has a custom-built vehicle looks like a sausage sandwich on wheels. He plans to drive it to special events at schools around the country where it will serve as a mobile billboard to promote his product. Bill is surprised to learn that insurers are reluctant to insure his vehicle because it fails to meet one of the ideal characteristics of an insurable risk. Which characteristic is Bill's vehicle least likely to meet? 



A. Definite and measurable
B. Independent and not catastrophic
C. Large number of similar exposure units
D. Pure risk



Answer: C. Since Bill's vehicle is custom-made and used for an unusual purpose, there are not a large number of similar exposure units.

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