Simon Douglas, director of AA Insurance, warned that any cuts to the amount of money spent protecting flood prone parts of the UK could lead to hundreds of thousands of homes becoming uninsurable
, meaning people would no longer be able to get a mortgage on them.
Essentially, it could leave homes unsaleable, uninhabitable and uninsurable
collateral losses (shown in green) are very difficult or impossible to insure in a traditional way because they are largely discretionary and are hard to prove or measure.
2) Because high-risk pools serve uninsurable
individuals, we needed a measure of the number of uninsurable
persons in each State.
However, if the rated premium is more than can be afforded or if he or she is completely uninsurable
, then other solutions will have to be found.
On the other hand, if these power plants are really so dangerous as to be uninsurable
, then it would be far better to realize it now.
Get affordable coverage for an uninsurable
risk with a dual-trigger policy.
Here, market incompleteness means that individuals face some risks that are uninsurable
due to the absence of the corresponding insurance markets, possibly as a result of moral hazard or adverse selection.
SANTA would be uninsurable
with most companies because he's too risky a customer.
Older people were either uninsurable
or lost their coverage when they got sick, and their children didn't want all the costs for their parents' care to fall on them by the luck of the draw, but preferred to share them under the insurance principle.
In simple terms, everyone else in the country pays higher taxes and insurance premiums to protect property that is uninsurable
under any rational system.
Since many high-risk individuals are medically uninsurable
, they ought to be accorded the opportunity to buy coverage through Medicaid.