Impaired Risk (substandard Risk)

Definition of "Impaired risk (substandard risk)"

Erik Smith real estate agent
Erik Smith, Real Estate Agent Coldwell Banker Residential Brokerage - Orange Post Rd

In life and health insurance, person whose physical condition is less than standard or who has a hazardous occupation or hobby. For example, an applicant with a history of strokes is regarded as an impaired risk. Some substandard insurance companies specialize in insuring substandard risks, applying an additional premium (surcharge) to reflect the higher probability of loss from a particular impairment.


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