Uninsurable


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Related to Uninsurable: Uninsurable Risk

Uninsurable

Describing a person or event for which no insurance company will provide coverage. Someone or something may be uninsurable because the cost of protection is too high or because there is too great a risk of an insured event occurring. An example of the former is a nuclear blast while an example of the latter is the impending death of a person who is 110 years old. Thus, a life insurance policy is unlikely to cover death from a nuclear event and probably will not be sold to a super-centenarian in the first place.
References in periodicals archive ?
It will take a while, but the grandmother's estate will eventually be restored for her family even though she was uninsurable.
Steve Johns, president of Waterford, Mich.-based LL Johns & Associates, an aviation broker, said the event could prove to be uninsurable going forward.
Hundreds of thousands of homes could become uninsurable and unmortgageable if the Government cuts spending on flood defences, it has been warned.
90% Applicants are issued a policy at a higher than standard premium 4%-6% Individuals applying for life insurance who are considered uninsurable. 2%-4%
Congressional Budget Office Director Douglas Elmendorf predicts the PCIP system will have enough funding to serve 200,000 people--just 3.6% of the 5.6 million uninsured, uninsurable Americans.
"If a plan is hospital-only or is limited to generic-only drugs, keep in mind that you're risking becoming uninsurable for those items not covered by your plan, regardless of the law changes.
pounds MOTORISTS caught driving or trying to drive drunk could face an 82 per cent increase on their insurance premiums or be uninsurable when they are allowed to drive again, according to moneysupermarket.com.
Penarth neighbourhood police sergeant Julie Madoc said: "We are targeting persistent offenders - those people who are not just uninsured but who are uninsurable.
Though nuclear generating stations are often viewed as virtually uninsurable, those who regularly write and place nuclear risks paint a very different picture: that of a remarkably stable market with few claims and steady profits.
"The alternative is a time-bomb of thousands of uninsurable homes in the North East under constant risk of flooding."
Thousands of new homes in the West Midlands are being built on flood plains and are in danger of ending up "unsaleable, uninhabitable and uninsurable", it was claimed last night.
That contrasts favourably with the situation at Worcester - also adjacent to a river but so prone to flooding it is uninsurable - where 12 fixtures have had to be abandoned due to the monsoon-like weather that first hit Britain in mid-June.