Insurance

Some communities prefer to create virtual insurance them by means other than contractual risk transfer, which assigns numerical values explicitly at risk. A number of religious groups, including Amish and some Muslim groups, depend on support from their community disaster. The risk posed by a particular person is taken collectively by the community who bear the cost of reconstruction of lost and support people whose needs are more suddenly after a loss of any kind. In support of communities where others can be trusted community leaders, this tacit form of insurance can work. In this way the community can even extreme differences in insurability between its members. Other justifications are also provided by invoking moral hazard explicit insurance contracts.

In the United Kingdom The Crown (which, for practical reasons, means the public service) does not ensure property such as government buildings. If a government building was damaged, the cost of repair would be covered by public funds because in the long term, this was cheaper than paying insurance premiums. Given that many British government buildings were sold to real estate companies, rental and return, this arrangement is now less frequent and May have completely disappeared.