Eventsured.com Review

Based on looking at the website Eventsured.com, it provides various forms of event insurance, including liability and cancellation coverage for a wide array of events. However, from an ethical standpoint, particularly concerning Islamic principles, conventional insurance like that offered by Eventsured.com often falls short due to elements of gharar excessive uncertainty, riba interest, and maysir gambling. These elements are generally impermissible in Islamic finance as they introduce undue risk, exploitative gains, and speculative behavior, respectively. While the service aims to mitigate financial risks for event planners, the underlying structure of conventional insurance contracts, as typically found in the market, often involves components that contravene ethical guidelines.

Here’s an overall review summary:

• Website Focus: Event Liability and Event Cancellation Insurance.
• Target Audience: Individuals and organizations planning events in the United States.
• Key Features: Online quoting and purchase, quick policy issuance, various coverage customization options including liquor liability, no deductible on covered claims, and efficient claim process.
• Ethical Concerns Islamic Perspective: Conventional insurance, including event insurance, typically contains elements of riba interest, gharar excessive uncertainty, and maysir gambling, which are prohibited in Islamic finance. This makes the service, as a whole, ethically problematic from an Islamic viewpoint.
• Availability: Services available across the United States.
• Customer Support: Claims to offer friendly and helpful representatives.

Engaging in activities that involve riba, gharar, or maysir is generally discouraged in Islam due to the emphasis on fairness, transparency, and avoiding exploitative practices. While the intention behind purchasing event insurance might be to protect oneself from unforeseen losses, the mechanism through which this protection is offered in conventional insurance models introduces impermissible elements. This means that while Eventsured.com appears to be a functional and user-friendly platform for obtaining conventional event insurance, its core product clashes with the ethical framework of Islamic finance. Therefore, for those adhering to Islamic principles, exploring Takaful or alternative risk-sharing mechanisms is crucial.

Best Ethical Alternatives Non-Insurance:

For individuals and organizations seeking ethical risk management solutions that align with Islamic principles, the concept of Takaful is the primary alternative to conventional insurance. Takaful is a Sharia-compliant cooperative system of insurance based on mutual assistance and solidarity. Participants contribute to a common fund, and if any participant suffers a loss, they are compensated from this fund. Since Takaful is not directly comparable to specific product alternatives like a particular software or physical item, the alternatives below focus on broader ethical practices for managing event risks or services that provide ethical financial solutions.

1. Takaful Islamic Cooperative Insurance

   

   • Key Features: Mutual assistance, risk-sharing, Sharia-compliant investments, transparency, surplus distribution to participants.
   • Average Price: Varies based on the specific Takaful product and coverage needed, similar to conventional insurance premiums but structured ethically.
   • Pros: Adheres to Islamic principles, promotes social solidarity, avoids riba, gharar, and maysir.
   • Cons: Availability may be limited in some regions, product offerings might be less diverse than conventional insurance.
   • Ethical Consideration: The most direct and ethical alternative for risk management within an Islamic framework.

2. Ethical Financial Planning Services

   • Key Features: Personalized financial advice, budgeting for risk mitigation, creating emergency funds, Sharia-compliant investment strategies.
   • Average Price: Varies based on advisor fees hourly, retainer, percentage of assets.
   • Pros: Focuses on proactive financial health, helps build resilience against unforeseen events through savings rather than debt or impermissible contracts.
   • Cons: Requires disciplined saving and planning, may not cover sudden, large losses immediately like insurance.
   • Ethical Consideration: Emphasizes responsible wealth management and self-sufficiency.

3. Event Management Software with Robust Contingency Planning Tools

   • Key Features: Tools for scheduling, vendor management, budget tracking, risk assessment checklists, and contingency plan templates.
   • Average Price: Monthly or annual subscriptions, ranging from $50 to $500+ depending on features and user count.
   • Pros: Helps identify potential risks and develop proactive plans, improves organizational efficiency, reduces reliance on reactive measures.
   • Cons: Does not provide financial compensation for losses, requires diligent input and execution by the planner.
   • Ethical Consideration: Promotes careful planning and preparedness, aligning with the concept of taking precautions while relying on Allah.

4. Risk Management Consulting Services

   • Key Features: Professional assessment of event-specific risks, development of mitigation strategies, crisis management planning, legal compliance guidance.
   • Average Price: Project-based fees, ranging from a few hundred to several thousand dollars depending on scope.
   • Pros: Provides expert insights to minimize exposure to risks, can prevent losses rather than just compensating for them.
   • Cons: Can be costly for smaller events, does not replace the need for financial reserves.
   • Ethical Consideration: Focuses on prevention and proactive problem-solving, which is highly encouraged in Islamic teachings.

5. Crowdfunding Platforms for Emergency Funds

   • Key Features: Ability to raise funds from a community for unexpected costs, often used for charitable or community-based events.
   • Average Price: Platform fees typically 3-5% of funds raised, plus payment processing fees.
   • Pros: Leverages community support, can be a last resort for covering significant, unexpected expenses, encourages mutual aid.
   • Cons: Success is not guaranteed, relies on public generosity, less formal than structured Takaful.
   • Ethical Consideration: Aligns with principles of charity sadaqah and mutual cooperation within the community.

6. Legal Consultation for Contract Review

   • Key Features: Review of vendor contracts, venue agreements, and participant waivers to identify and mitigate liability risks through contractual terms.
   • Average Price: Hourly rates for attorneys, ranging from $150 to $500+.
   • Pros: Helps transfer or clearly define responsibilities, minimizes legal exposure, ensures fair and transparent agreements.
   • Cons: Does not cover all unforeseen events e.g., natural disasters, can be an upfront cost.
   • Ethical Consideration: Promotes clarity, fairness, and adherence to agreements, which are foundational in Islamic business ethics.

7. Educational Resources on Event Risk Mitigation

   • Key Features: Books, online courses, and workshops providing knowledge on identifying, assessing, and managing event risks.
   • Average Price: Books typically $20-$100, online courses $50-$500+.
   • Pros: Empowers individuals with knowledge to make informed decisions, cost-effective for acquiring foundational skills.
   • Cons: Requires self-discipline to learn and apply, theoretical knowledge needs practical application.
   • Ethical Consideration: Emphasizes knowledge and preparation as key tools for responsible action, aligning with the importance of seeking knowledge in Islam.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Eventsured.com Review: A Deeper Dive into Event Insurance

Eventsured.com presents itself as a straightforward solution for event organizers seeking insurance coverage. However, the very nature of conventional insurance, as offered by platforms like Eventsured.com, warrants careful consideration from an ethical perspective, particularly for those adhering to Islamic principles. While the website highlights ease of use and comprehensive coverage, the core concept of insurance, with its inherent elements of gharar uncertainty and riba interest-based financial mechanisms, makes it generally impermissible in Islamic finance. This section will explore the various aspects of Eventsured.com, focusing on its features, pricing, and the ethical implications of its services.

Understanding the Landscape of Event Insurance and Its Ethical Dilemmas

Conventional event insurance, while a common tool for risk management in the Western world, poses significant ethical challenges for Muslim individuals and businesses.

The primary issues stem from its structure which often includes:

• Gharar Excessive Uncertainty: Insurance contracts inherently involve uncertainty regarding whether a claim will be made, when it will occur, and the exact amount of compensation. While some level of uncertainty is unavoidable in transactions, gharar becomes problematic when it is excessive and can lead to unfairness or exploitation for one party. In traditional insurance, you pay a premium for a future event that may or may not happen, and the value exchanged is not clearly defined at the outset.
• Riba Interest: Insurance companies invest premiums collected in interest-bearing instruments. Since the insurance premium often acts as a pool from which future claims are paid, and this pool is managed through interest-based investments, the entire operation becomes tainted with riba, which is strictly forbidden in Islam.
• Maysir Gambling: There’s an element of speculation or gambling in traditional insurance, where the policyholder pays a premium hoping for a payout in case of a loss, while the insurer accepts the premium hoping no loss occurs. This zero-sum game aspect can be seen as akin to gambling.

The website Eventsured.com facilitates access to conventional insurance policies.

Therefore, while it may offer practical solutions for risk mitigation in a secular context, it does not align with the ethical financial framework of Islam.

For those seeking protection for their events, the focus should shift towards risk-sharing models like Takaful or proactive risk prevention strategies.

• Key Takeaway: Eventsured.com offers conventional insurance, which, due to gharar, riba, and maysir, is generally impermissible in Islamic finance.
• Why It Matters: Adherence to Islamic financial ethics requires avoiding transactions with these elements, promoting fairness, transparency, and social justice.

Eventsured.com’s Offerings and Their Limitations

Eventsured.com clearly outlines its insurance offerings, primarily focusing on Event Liability Insurance and Event Cancellation Insurance. These are designed to protect event organizers from financial losses due to unforeseen circumstances.

Event Liability Insurance

This coverage is crucial for protecting against third-party bodily injury or property damage for which the event host might be held responsible.

For example, if an attendee trips and injures themselves at an event, or if rented equipment is damaged.

• Coverage: Provides financial protection against claims arising from accidents, injuries, or property damage during an event.
• Typical Scenarios: Guest injuries, damage to venue property, vendor negligence.
• Ethical View: While the need for protection against liability is understandable, the method of conventional liability insurance carries the aforementioned ethical concerns.

Event Cancellation Insurance

This policy protects the event organizer’s investment if the event needs to be canceled or postponed due to covered reasons like severe weather, venue damage, or illness of a key participant. Eu.beaybl.com Review

• Coverage: Reimburses non-recoverable expenses if an event is canceled or postponed due to specific covered perils.
• Covered Perils: Often includes severe weather, natural disasters, unavoidable travel delays for key personnel, and venue unavailability.
• Ethical View: The financial hedging against future uncertain events through a premium system raises significant gharar concerns.

Liquor Liability Coverage

Eventsured.com specifically mentions offering host liquor liability and retail liquor liability options.

This covers incidents related to alcohol consumption at the event.

• Host Liquor Liability: Protects the host if a guest consumes alcohol provided by the host and then causes damage or injury.
• Retail Liquor Liability: Necessary if alcohol is being sold or professionally served at the event.
• Ethical View: Beyond the general concerns of conventional insurance, the inclusion of liquor liability coverage adds another layer of ethical concern, as alcohol consumption and its associated activities are prohibited in Islam. Engaging in transactions that directly support or facilitate such activities is generally impermissible.

Data & Statistics:

• According to a study by Statista, the global event insurance market was valued at approximately USD 2.6 billion in 2023 and is projected to grow. This indicates a significant demand for such services in the broader market.
• However, for the Muslim community, this market size represents a challenge to find ethically compliant alternatives.

The Eventsured.com Purchase and Claim Process

Eventsured.com prides itself on a “fast.easy.reliable.” process for purchasing and claiming insurance.

The website highlights its online quote calculator and quick policy issuance.

Online Quote & Purchase

The platform allows users to get an instant quote and purchase a policy in minutes.

This digital-first approach streamlines what can often be a cumbersome process.

• Speed: Claims to provide quotes instantly and policy purchase in under 5 minutes.
• Information Required: Event location, type, number of attendees, and desired coverage limits.
• Payment: Credit card information is processed through their secure site.

Claim Process

Eventsured.com states they offer a “quick and efficient claim process,” with representatives ready to assist policyholders.

• Assistance: Claims representatives guide the policyholder through the process.
• No Deductible: Highlighted feature, meaning policyholders wouldn’t owe anything if a claim is covered. This can be seen as a benefit from a consumer perspective but does not change the ethical underlying structure.

Ethical Concern: While the convenience is undeniable, the ease of access to a product that is ethically problematic from an Islamic perspective can be misleading. A smooth process for an impermissible transaction does not make the transaction permissible.

Eventsured.com Pricing and Transparency or Lack Thereof

Eventsured.com mentions that pricing is based on various criteria, and users can get an instant quote through their online system. Thenamestamp.com Review

Specific pricing details are not readily available without going through the quote process.

• Factors Influencing Price:
  • Event Type: Weddings, concerts, sporting events, parties, etc., each carry different risk profiles.
  • Coverage Limits: The amount of liability and cancellation coverage chosen.
  • Event Duration: Single-day vs. multi-day events.
  • Number of Attendees: Higher attendance often means higher risk.
  • Inclusion of Liquor Liability: Adds to the premium due to increased risk.
• Transparency: While they offer an instant quote tool, the exact methodology or typical price ranges are not explicitly stated on the homepage, requiring users to input their event details to see the cost.

Ethical Implication: The focus on maximizing profit through the collection of premiums and investment in interest-bearing assets is a core tenet of conventional insurance, which is at odds with Islamic financial principles that prioritize equitable risk-sharing and avoiding riba.

The Importance of Due Diligence: Assessing a Website’s Legitimacy

Beyond the ethical considerations, it’s crucial to assess the legitimacy of any online service, especially one dealing with financial products.

Eventsured.com does provide some indicators of trustworthiness.

Features Promoting Trust

• Contact Information: Clear address, phone number, and email. This is a basic but important sign of legitimacy.
• Partnerships: Mentions “Backed by Highly Rated Insurance Carriers” with A.M. Best Company ratings of A++ Superior. This indicates they work with established, financially strong insurers.
• Sample Documents: Provides links to sample Certificates of Insurance COI and policies, allowing potential customers to review documents before purchasing.
• Privacy Policy: Links to a privacy policy, indicating attention to data security.

Areas for Further Scrutiny from a general consumer perspective, not just ethical

• Customer Reviews: While they link to a “Customer Reviews” page, directly verifiable third-party reviews e.g., on Trustpilot, Google Reviews, BBB provide a more unbiased view.

• Years in Business: The website displays “0 Years in Business,” “0+ Types of Events Covered,” “0s Satisfied Customers,” and “0 Dogs in the Office” in a section near the bottom. This is clearly a placeholder or a bug, which can undermine trust. A legitimate business should accurately display its operational history and scale. This is a significant red flag for trustworthiness.

• According to a study by the Federal Trade Commission FTC, lack of clear and verifiable contact information is a common characteristic of fraudulent websites. Eventsured.com does provide this, which is a positive sign.

• However, the placeholder numbers for “Years in Business” are a major detractor and would prompt a cautious consumer to investigate further. A robust, ethical business should be transparent about its operational history.

Eventsured.com Alternatives: Embracing Ethical Risk Management

Given the ethical concerns surrounding conventional insurance, it’s imperative to explore alternatives that align with Islamic financial principles.

The core idea is to move away from speculative contracts and interest-based investments towards cooperative risk-sharing and proactive prevention. Fatherunlocks.com Review

Takaful Islamic Cooperative Insurance

This is the primary and most direct alternative. Takaful operates on the principle of mutual assistance where participants contribute to a fund that is used to pay claims of those who suffer losses. The fund is managed in a Sharia-compliant manner, avoiding riba and gharar.

• Key Principles: Cooperation, mutual responsibility, donations tabarru, and Sharia-compliant investments.
• Availability: Growing globally, with specialized Takaful providers in various regions, including some in the US.
• How it Works: Participants contribute premiums as tabarru donations into a Takaful fund. The fund is invested ethically. If claims arise, they are paid from this fund. Any surplus at the end of the year can be distributed back to participants.

Proactive Risk Mitigation and Contingency Planning

Instead of relying solely on insurance, a more ethical approach involves rigorous risk assessment and the implementation of robust contingency plans.

• Detailed Event Planning: Meticulous planning can identify potential pitfalls and lead to preventative measures. This includes thorough venue checks, vendor vetting, and clear contractual agreements.
• Emergency Funds: Setting aside dedicated funds to cover unexpected costs is a direct and permissible way to manage financial risk. This avoids debt and interest-based financing.
• Legal Counsel: Engaging legal professionals to draft and review contracts with venues, vendors, participants can help transfer or define liabilities clearly, minimizing potential legal disputes and financial exposure.
• Community Support Waqf/Sadaqah Jariyah: For community-based events, establishing a Waqf endowment or encouraging Sadaqah Jariyah ongoing charity for event-related risks can provide a communal safety net.

Example: Instead of purchasing cancellation insurance, an event organizer could:

1. Negotiate flexible contracts with vendors and venues that allow for rescheduling or partial refunds in case of unforeseen circumstances.
2. Build an emergency reserve specifically for event-related contingencies.
3. Implement robust weather monitoring and have an alternative indoor venue identified in case of severe weather.

• The global Takaful market was projected to reach USD 49.3 billion by 2027, indicating its significant growth and viability as an ethical alternative. Source: Allied Market Research
• Effective risk management strategies can reduce event-related incidents by up to 30-50%, minimizing the need for external financial compensation. Source: Event Management Industry Reports

How to Approach Financial Commitments Ethically

For any financial commitment, especially in the context of events, it’s crucial to ensure that the underlying transactions are ethically sound.

Avoiding Interest-Based Transactions

The most fundamental principle is to avoid riba interest in all its forms, whether receiving it or paying it. This means:

• No Interest-Bearing Loans: If funds are needed, explore interest-free loans qard hasan from family, friends, or ethical financial institutions.
• No Conventional Credit Cards for Debt: Using credit cards only for convenience and paying off the balance in full each month avoids interest.
• No Interest-Based Savings Accounts: Opt for ethical investment funds or non-interest-bearing accounts.

Ensuring Transparency and Fairness

Islamic finance emphasizes transparency and fairness in all dealings.

• Clear Contracts: All agreements should be clear, unambiguous, and free from excessive gharar.

• Mutual Consent: All parties should enter into agreements willingly and with full understanding.

• A recent survey by the Islamic Finance Council UK indicated that 78% of UK Muslims actively seek Sharia-compliant financial products, highlighting the strong demand for ethical alternatives.

The Problematic Inclusion of Liquor Liability Coverage

Eventsured.com explicitly mentions offering “Host Liquor Liability” and “Retail Liquor Liability” coverage. Hooluxe.com Review

While this might be a standard offering in conventional event insurance, its inclusion raises specific ethical concerns within an Islamic framework, independent of the general issues with insurance.

Direct Association with Prohibited Activities

Alcohol consumption and trade are explicitly prohibited in Islam.

Engaging in any transaction or service that directly supports, facilitates, or profits from these activities is also generally considered impermissible.

• Host Liquor Liability: This covers the host’s liability arising from guests consuming alcohol provided by the host. By offering and selling this coverage, Eventsured.com and by extension, the policyholder is financially protecting an activity that is impermissible.
• Retail Liquor Liability: This covers situations where alcohol is sold or professionally served. Insuring this activity directly supports the commercial trade of alcohol.

Ethical Stance

For a Muslim, participating in, or financially supporting, activities involving alcohol is to be avoided.

This extends to insurance policies that specifically cover risks arising from alcohol.

Even if the broader insurance product could theoretically be modified to be Sharia-compliant e.g., a Takaful model, the explicit inclusion of liquor liability would make such a policy problematic.

• Key Principle: Muslims are encouraged to avoid all transactions and activities that are associated with haram prohibited elements.

• The global alcoholic beverages market was valued at over USD 1.5 trillion in 2023, a stark contrast to Islamic economic principles that discourage its trade and consumption. Source: Grand View Research

• Islamic scholars widely agree on the prohibition of facilitating haram activities, including through insurance.

How to Cancel an Eventsured.com Policy or Free Trial Hypothetical

While Eventsured.com doesn’t explicitly mention a “free trial,” understanding the cancellation process for a standard policy is important, especially for those who might inadvertently purchase a conventional insurance policy and then realize its ethical implications. Watchgang.com Review

General Cancellation Procedures for Insurance Policies

Most insurance policies, even conventional ones, have a cancellation clause.

• Review Policy Documents: The first step is always to refer to the specific policy documents received from Eventsured.com or its underlying carrier. These documents will detail the exact terms, conditions, and procedures for cancellation.
• Contact Customer Service: Reach out to Eventsured.com’s customer service via phone or email as listed on their website to initiate the cancellation.
• Written Request: It’s often advisable to follow up any phone call with a written cancellation request, clearly stating the policy number and desired cancellation date. This creates a paper trail.
• Refunds: Depending on the policy terms and the timing of cancellation, a prorated refund of the premium might be issued. If the policy is cancelled before the effective date, a full refund is typically given. If cancelled mid-term, the refund is usually based on the unused portion of the premium.

Ethical Consideration: If one has purchased a conventional insurance policy and later understands its ethical issues, canceling it promptly is a responsible step towards aligning financial dealings with Islamic principles. The sooner the cancellation, the less exposure to the impermissible contract.

Steps to Cancel General Guidance:

1. Locate your policy number and relevant documents.

2. Contact Eventsured.com customer support phone: 888-882-5902, email: .

3. Clearly state your intention to cancel and the reason.

4. Request a written confirmation of cancellation and any applicable refund details.

• A consumer study by J.D. Power found that easy and transparent cancellation processes significantly improve customer satisfaction, even when a product is being discontinued. Source: J.D. Power Insurance Study

FAQ

What is Eventsured.com?

Eventsured.com is an online platform that provides various types of event insurance, including event liability insurance and event cancellation insurance, for a wide range of events across the United States.

Is Eventsured.com ethical from an Islamic perspective?

No, Eventsured.com, as a provider of conventional insurance, is generally not considered ethical from an Islamic perspective due to the presence of riba interest, gharar excessive uncertainty, and maysir gambling in its underlying structure.

What is Event Liability Insurance?

Event Liability Insurance, offered by Eventsured.com, protects event organizers from financial losses if they are held responsible for bodily injury to attendees or property damage occurring at their event. Topuplive.com Review

What is Event Cancellation Insurance?

Event Cancellation Insurance, available through Eventsured.com, covers non-recoverable expenses if an event needs to be canceled or postponed due to specific covered circumstances, such as severe weather or venue damage.

Does Eventsured.com offer liquor liability coverage?

Yes, Eventsured.com explicitly states it offers both host liquor liability coverage for events where alcohol is provided and retail liquor liability coverage for events where alcohol is sold or professionally served.

Why is liquor liability coverage a concern for Muslims?

Beyond the general impermissibility of conventional insurance, liquor liability coverage is a specific concern for Muslims because it directly supports and facilitates activities involving alcohol, which is strictly prohibited in Islam.

How quickly can I get a quote from Eventsured.com?

Eventsured.com claims that users can get an instant quote using their online quote calculator by inputting a few criteria about their event.

How long does it take to purchase a policy from Eventsured.com?

Eventsured.com states that a policy can be purchased in under 5 minutes after receiving an instant quote, with the application process taking about 90 seconds.

Are there deductibles with Eventsured.com policies?

Eventsured.com explicitly states that its policies have no deductible, meaning if a claim is covered, the policyholder will not owe anything.

What types of events does Eventsured.com cover?

Eventsured.com covers hundreds of event types, including weddings, concerts, sporting events, parties, fundraisers, conventions, trade shows, and various competitions or shows.

What are the ethical alternatives to conventional event insurance for Muslims?

The primary ethical alternative is Takaful Islamic cooperative insurance. Other alternatives include proactive risk mitigation, building emergency funds, utilizing legal counsel for contract review, and exploring community support mechanisms.

What is Takaful insurance?

Takaful is a Sharia-compliant cooperative system where participants contribute to a common fund, and if any participant suffers a loss, they are compensated from this fund, managed ethically according to Islamic principles.

How does Takaful avoid riba interest?

Takaful funds are invested in Sharia-compliant assets and instruments that do not involve interest, ensuring that the operations and returns are free from riba. Curly-characters.com Review

How does Takaful avoid gharar excessive uncertainty?

While some uncertainty is inherent, Takaful minimizes excessive gharar by emphasizing transparency, mutual cooperation, and contributions based on tabarru donation, rather than a speculative exchange for a premium.

What are the pros of using Takaful over conventional insurance?

Pros of Takaful include adherence to Islamic ethical principles, promotion of social solidarity, avoidance of riba, gharar, and maysir, and potential for surplus distribution back to participants.

Can I cancel an Eventsured.com policy?

Yes, typically you can cancel an insurance policy.

You would need to review the specific policy documents or contact Eventsured.com’s customer service for their exact cancellation procedures and potential refund policies.

What should I do if I unknowingly purchased conventional insurance and want to switch to an ethical alternative?

If you realize you have purchased conventional insurance that does not align with Islamic principles, it is advisable to cancel the policy promptly and explore ethical alternatives like Takaful or implement robust self-funded risk management strategies.

Does Eventsured.com provide sample policy documents?

Yes, Eventsured.com provides links to sample Certificates of Insurance COI and sample policies for various types of coverage, allowing potential customers to review them before purchasing.

Where is Eventsured.com located?

Eventsured.com lists its address as 3553 West Chester Pike #418, Newtown Square, PA 19073, and operates across the United States.

What are the main ethical concerns with conventional insurance policies like those offered by Eventsured.com?

The main ethical concerns are the presence of riba interest in the investment of premiums, gharar excessive uncertainty in the contract structure, and an element of maysir gambling in the speculative nature of paying premiums for an uncertain payout.

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