The disappearance of insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More property in an unexplained manner. For example, if a ring is left in a public place and the owner returns later to find the ring gone, it is reasonable to assume• To undertake or promise. In insurance, a company or an underwriter “assumes” a risk when he agrees to insure it. That is when insurance attach... More that the ring has been stolen. However, there is no direct evidence that this is in fact what happened. This would be an example of mysterious disappearanceThe disappearance of insured property in an unexplained manner. For example, if a ring is left in a public place and the owner returns later to find t... More.