However, there are about 10 - 15 % of the population with medical problems and will therefore be
considered substandard risks.
Not exact matches
Most insurance companies
consider a B average to be the dividing line between «good» performance and «
substandard» — and although achieving high grades doesn't automatically make someone a good driver, insurance companies
consider kids who are able to balance their school life with their social life to be far lower
risks.
Due to the possible exclusion of preexisting conditions and any additional waiting periods,
substandard risk applicants should not
consider replacement.
Those individuals that wouldn't get approved even at the
substandard rates are also
considered high
risk, and there are other types of life insurance they may qualify for such as Simplified Issue Graded Benefit or Guaranteed Issue life insurance, which we'll discuss in more detail.
Anything below a standard rating — or
substandard is
considered high
risk.
Non-standard auto insurance which is also known as high
risk or
substandard auto insurance, is a policy that is offered to a driver that is
considered to be a higher
risk to the insurance company than other drivers that insurance company provides coverage to.
Substandard risk: A person who is
considered an under - average or impaired insurance
risk because of his or her physical condition, family or personal history of disease.