underinsurance

[ uhn-der-in-shoor-uhns, -shur- ]

noun

insurance purchased against damage or loss of property in an amount less than its true value, sometimes bought intentionally by the insured with full knowledge of the risk.

Origin of underinsurance

¹

under- + insurance

Words Nearby underinsurance

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use underinsurance in a sentence

underinsurance reflects the extent to which coverage leaves people at risk of high out-of-pocket costs—a situation exacerbated by widespread job loss.
The COVID economic downturn is testing the promise of the ACA safety net | lbelanger225 | October 7, 2020 | Fortune

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