Question

By endorsement, insurance can be made available for almost all of the items listed except?

a. much less susceptible to loss by most of the perils insured against ( such as building foundations below the lowest basement floor or the surface of the ground, retaining walls that are not part of a building, and underground pipes)
b. when it able to be insured more advantageously under other forms (such as money, securities, automobiles, and aircraft)
c. when it is illegal to insure (such as smuggled goods being held for sale)
d. a. ,b. , and c.

Answer 1

Insurance by endorsement can cover many risks and items but is not generally available for nonexcludable goods or services like police protection, public roads, and primary education, due to their universal access and collective provision.

Step-by-step explanation:

By endorsement, insurance can cover a wide variety of risks and items. However, there are certain goods or services that are deemed nonexcludable, which typically means that these goods and services are available to everyone, and it is difficult to prevent someone from using them without paying.

Examples of nonexcludable goods or services include police protection, public roads, and primary education. Insurance is not generally available to cover these types of public goods because they are provided collectively and their benefits are not restricted to paying customers.

On the contrary, other items like streaming music, cell phone service, and healthcare can be insured or are provided under a subscription model, where access can be limited to those who have paid for the service. With the implementation of the Patient Protection and Affordable Care Act, commonly referred to as Obamacare, a goal was set to provide all Americans with access to affordable health insurance, which is unlike nonexcludable goods that are universally accessible regardless of individual contributions or insurance coverage.