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underinsurance

American  
[uhn-der-in-shoor-uhns, -shur-] / ˈʌn dər ɪnˌʃʊər əns, -ˌʃɜr- /

noun

  1. 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.

Etymology

Origin of underinsurance

under- + insurance

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

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