A. Insurable events are those with less than 100% certainty that also can be converted into a monetary value. Why can't you buy insurance against surprise visits from in laws? B. If I told you that 1% of all dishwashing machines quit working in the first 2 years they are used, and that they cost $1,000 to replace. How much would you pay for a 2-year warranty that replaces your dishwasher if it quits working