Please give 3 examples of pure risk.
Pure risks are a family of risks in which all possible outcomes are harmful in some way. In other words a pure risk is a situation that can only end in a loss. For example, the risks of an accident, a car theft or earthquake are pure risks
With pure risk, there is no real hope of earning a return. For example, if a home is destroyed in some sort of natural disaster, the homeowner incurs a loss that cannot be offset, even if the property where the home once existed is eventually sold. While the homeowner may be able to minimize the loss by selling the property, the proceeds from the sale do not replace the asset. In order to do so, the individual will have to make arrangements to purchase a new home at a different location, effectively creating a new debt obligation that is only partially offset by the sale of the previous property.
An example of pure risk is the risk of becoming disabled as a result of illness or injury. - See more at: http://www.financialgyaan.com/dictionary/purespeculativerisk/#sthash.hmvLBc7w.dpuf