Hacker News Reader

I mean, if your house costs a million and gets destroyed by fire every year I can insure you for 100k per month, so it is insurable just. Not usefully.

View on HN

De facto/de jure.

I would argue that if the cost of the insurance exceeds the available money, that counts as de facto "uninsurable".

That's not "uninsurable". That's "you can't afford it" or "the insurance isn't worth it". Both of those are already true for many cases where insurance exists and people buy it.

> Both of those are already true for many cases where insurance exists and people buy it.

Tautologically false: when "you can't afford it" because there isn't enough money to pay for it, you cannot in fact buy it.

There's a difference between "you personally can't pay to insure it" and "it is not possible to insure". By your definition, a lot of very cheap cars are "uninsurable" because their owners are broke, which does not seem to be a useful definition.

Reply on news.ycombinator.com