Substandard

{
  "id": "MLC-T-INS-003231",
  "term": "Substandard",
  "field": "Insurance and risk management",
  "definition": "A risk classification for an applicant or property that has a greater-than-average potential for loss, making it ineligible for standard insurance rates. Factors for this classification in personal auto insurance include a poor driving record, multiple accidents, or a high-performance vehicle. Insurers charge a higher premium for substandard risks or may decline to offer coverage altogether.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/substandard/"
}