uninsurable

/'ʌnin'ʃuərəbl/

Thân thiện

The insurance company deemed the old, crumbling house uninsurable.

Definition

1. Adjective:
   • Not capable of being insured: Describes a person, property, or risk that is considered too dangerous, risky, or uncertain to be covered by an insurance policy.
   • Not eligible to be insured: Indicates that something does not meet the necessary criteria or standards set by an insurance company to qualify for coverage.

Usage

The adjective "uninsurable" is used to describe a subject for which insurance coverage is unavailable or cannot be obtained. It is typically used in formal or financial contexts related to risk assessment.

Examples

• Adjective:
  • The house was declared uninsurable due to its location in a high-risk flood zone.
  • After several major accidents, the company's fleet became uninsurable at a reasonable cost.
  • Certain pre-existing health conditions can make a person uninsurable for private medical coverage.

Advanced Usage

• "deemed uninsurable": Officially judged or considered to be uninsurable.
  • The vintage car was deemed uninsurable because replacement parts were impossible to find.
• "effectively uninsurable": So risky that insurance is practically unavailable, even if not formally declared so.
  • The political instability in the region made business investments there effectively uninsurable.

Variants and Related Words

• Uninsurability (noun): The state or quality of being uninsurable.
  • The uninsurability of the coastal property significantly reduced its market value.
• Insurable (adjective): Capable of being or eligible to be insured. (This is the direct antonym of "uninsurable").

Synonyms

• Uninsurable risk: A specific hazard or potential for loss that cannot be covered.
• Uncoverable: Not able to be covered or protected (by insurance). (Less common in this specific financial sense).

Notes on Meaning

The term "uninsurable" is an absolute adjective. Something is generally considered either insurable or uninsurable based on actuarial or underwriting criteria. It is a key concept in finance, real estate, and public policy discussions about risk pools and social safety nets.

Học thuật

Adjective

1. not capable of being insured or not eligible to be insured