What Is Uninsurable Property exactly?

In brief, if your home is not eligible for insurance through the Federal Housing Administration (FHA) because it is unlivable and in need of extensive repairs, it conveys the message that your house is uninsurable. An uninsurable property is typically ineligible for a mortgage through the FHA; however, in certain cases, the individual buying the home may qualify for alternative FHA financing options. More generally, uninsurable property may refer to any real estate or other personal property that an insurer decides not to cover.