Which of the following exposures to loss would be a likely basis for an insurance system? Explain why the exposures would or would not qualify as a basis for insurance.
a. The potential loss of domestic pets:
b. The potential loss of farm animals:
c. The potential loss of a person’s memory:
d. The theft of a college student’s textbooks:
e. The loss of a valuable stamp collection:
f. The possible rainout of a baseball game: