despite the fact that many insurable risks cannot be considered particularly acute

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it will need to take into consideration the following:

  1. Insurable risk cannot be the result of deliberate action. This means that insurance companies do not cover damages intentionally caused by the insured party.
  2. The potential risk-related losses must be measurable and insurance costs must be economically justified.
  3. One type of risk should be statistically predictable.
  4. A covered risk cannot be affecting all the insured parties simultaneously.
  5. The potential risk-related losses must be deemed substantial.

Nevertheless

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