In the past few years the insurance community has paid increasing attention to the “protection gap”—the extent to which significant property losses are not covered by insurance. Because insurance plays an important economic and social role in many ways, the protection gap is significant to individuals, firms, the communities in which they reside or operate, and the economy as a whole. RCRR’s Protection Gap project addresses the protection gap in property insurance and especially homeowners insurance in the United States.
The concept of a protection gap raises several issues:
What is a protection gap?
Where do protection gaps occur?
What causes protection gaps?
What solutions are there for protection gaps?
Jay M. Feinman, The Protection Gap in Homeowners Insurance: An Introduction
Jay M. Feinman, Protection Gaps in Homeowners Insurance
Jay M. Feinman, What Is A Protection Gap?