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, an insurance scheme is organised to deal with high cost but low probability health care needs, and so high probability events may be uninsurable
and not included in the range of services.
A less obvious example, however, is that a term insurance policy's FMV will be greater than zero if the insured is diagnosed with a serious illness or other health problem that makes iron or her uninsurable
or highly rated, even though the policy has no CSV with the insurance company.
Many times in the course of designing a business continuation plan, it develops that one of the partners or stockholders is either uninsurable
or heavily rated.
The ship was uninsurable
, the crew's qualifications were iffy, and the Gulf of Honduras is shallow and treacherous.
We have asked for insurance cover on this particular point from our brokers and we have been told it is uninsurable
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.
After recovering from a heart attack, Eddie finds he's uninsurable
-- a major handicap in a job that requires him to travel with jewelry samples worth more than a million dollars.
Get affordable coverage for an uninsurable
risk with a dual-trigger policy.