Why would "groom decides he doesn't want to get married" not be covered by a typical wedding insurance policy?

Why would "groom decides he doesn't want to get married" not be covered by a typical wedding insurance policy?



A) It is a catastrophic event, and insurance companies do not cover that.

B) The groom has the right to make that decision, and therefore it is not covered under a typical insurance policy.

C) It is not an independent outside event.

D) The risk pool size is too small.



Answer: C

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees