Which of the following would be considered an insurable risk?

The risk of a house fire due to appliances malfunctioning is considered an insurable risk because it meets several key criteria necessary for insurability.

Firstly, it is a risk that is measurable and quantifiable. The potential loss from a house fire can be calculated based on the value of the property, possessions, and any potential expenses incurred from the incident.

Secondly, the risk is specific and identifiable, meaning it can be defined in clear terms. A malfunctioning appliance can be assessed to determine the likelihood and potential causes of a fire, allowing insurers to evaluate and manage the risk effectively.

Additionally, this type of risk is not subject to random chance in a way that is outside the control of the insured. While the occurrence of a fire is not guaranteed, it can happen under certain conditions related to appliance usage, making it foreseeable.

Moreover, insurable risks generally need to be events that are beyond the control of the policyholder. In the case of a malfunctioning appliance, it is a defect that can occur which is typically beyond the homeowner's ability to predict or prevent, especially if they had maintained the appliance properly.

On the other hand, the risks of losing a winning lottery ticket and the risk of wearing a seatbelt are not considered