uninsurable
too risky for insuring considered unsuitable for insurance, especially because of being a poor risk
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too risky for insuring considered unsuitable for insurance, especially because of being a poor risk
The other difference between gambling and insurance is that the first is a speculative risk (which is uninsurable), while the latter consists of pure risk only (i.e., the insured should not make a gain but should be put back into the same financial position as before the loss occurred).
By Suzanne White
Risks that may be uninsurable or cost-prohibitive can be included. Additionally, the parent company’s entire family can benefit from group funding of a captive through consolidation of coverage, centralized administrative support, and a significant reduction in insurance expenses. A substantial amount
Buncefield cost local businesses £70 million, much of it uninsured. It is imperative to check insurance cover. The impact of a major disaster could last for months, or even years.
By Andrew Hiles
Definitions of ’uninsurable’ and meaning of ’uninsurable’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’uninsurable’ and other financial terms with our online QFINANCE Financial Dictionary.