A situation that presents a high likelihood of loss.
If you own a car, you may be at risk of having an accident, having the car stolen, or having it burglarized. If you’re unhealthy or have a terminal illness, you’re also at risk, and the chance of filing an insurance claim increases exponentially.
Insurance companies must consider factors like these when deciding whether to insure you and at what level to set your premiums. The more risk you present to your insurance company, the higher your premiums will be if you’re accepted. However, those at risk are never guaranteed acceptance; that decision is left to the insurer.