Test Event

The protection gap is the difference between losses that are insured and losses that could or should be insured. The Rutgers Center for Risk and Responsibility at Rutgers Law School Conference on The Protection Gap in Property Insurance addressed the protection gap in residential and commercial property losses and related types of losses in the United States.

The property insurance protection gap can have significant impact on individuals and communities; a property owner who does not have flood insurance may lack the resources to rebuild after a hurricane, for example, and if many property owners lack insurance, an entire community may be hard-pressed to recover.

The concept of a protection gap raises several issues:

What is a protection gap?

What protection gaps exist in property insurance and what causes them?

What solutions are there for protection gaps?