👉 The term "nonrecuperation" in the context of insurance refers to a situation where an insured event has not been recognized by the insurer or claims process. In this case, the insured may have incurred costs and expenses that are not covered under their policy, but it is unclear how much these costs were actually incurred due to non-recognition by the insurer. Nonrecuperation can occur in various scenarios such as: 1. Insured event not recognized: This refers to a situation where an
