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

under- + insurance

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To underinsurance
Explore Dictionary.com
Previous Definition: underinstrument
Next Definition: underinsure
Words Near: underinsurance
More from Thesaurus.com
Synonyms and Antonyms for underinsurance
More from Reference.com
Search for articles containing underinsurance
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
No underinsurance investigation was conducted to determine the reason for the underinsurance situation.
The question is said to turn on the basic approach taken in the jurisdiction toward underinsurance provisions.
Allegations of bad faith, and other demands for extra contractual payments, including underinsurance.
Little evidence exists about how successful the current tax treatment is in reducing underinsurance.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature