In the context of underwriting risks, 'unique impairment' refers to specific factors that differentiate an applicant from a standard applicant, and may include conditions or characteristics that adversely impact life expectancy or risk profile.
Unoccupancy refers to the absence of people from a given property for at least 60 consecutive days. Many property insurance policies suspend coverage after a structure has been unoccupied for this period due to increased risks of vandalism, malicious mischief, or other hazards.
