A risk that cannot be insured because an essential condition is not present. It may: (a) lack insurable interest; (b) defy quantification; (c) entail widespread losses (e.g. war damage to property on land); (d) create excessive cost; (e) be speculative; (f) may reflect certainty rather than uncertainty; (h) be contrary to public policy.
***
An uninsurable risk is one that is literally uninsurable because loss is certain rather than possible.
***
An uninsurable risk is one which is literally uninsurable because loss is certain rather than possible.