underinsured

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un·der·in·sured

 (ŭn′dər-ĭn-sho͝ord′)
adj.
Having insurance that provides inadequate coverage.

un′der·in·sur′ance n.

underinsured

(ˌʌndərɪnˈʃʊəd)
adj
(Insurance) not having enough insurance to cover the cost of a loss
Translations

underinsured

[ˌʌndərɪnˈʃʊərd] adjsous-assuré(e)

underinsured

[ˌʌndərɪnˈʃʊəd] adjsottoassicurato/a
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References in periodicals archive ?
Through the buzzvault contents data we collect, we will know exactly what we are insuring, eliminating the risk of underinsurance while promising customers a transparent, speedy claims service should they need to make a claim.
The division is requiring that carriers explain underinsurance to the insureds and what impact that will have on their coverage.
A hardening insurance market, characterized by higher premium rates and reduced terms of coverage, is an insidious trap for the industry, which perhaps would be better served by pressing ahead and driving out underinsurance rates, rather than retreating.
UNDERINSURANCE is a common problem among businesses and can have a significant impact on claim settlements should it arise.
In any case, underinsurance, omitted insurance, or poor coverage choices can be financially devastating in case of an unfortunate incident.
If a partial loss occurs, the claims payment will be proportionate to the percentage of the underinsurance.
The underinsurance gap could be as high as $26 billion for the mass vulnerability scenario-meaning that just seven per cent of economic losses are covered.
The underinsurance gap could be as high as $26 billion for the mass vulnerability scenario - meaning that just 7 per cent of economic losses are covered.
The primary problem in all of the cases above is underinsurance.
Whether you think a property is overvalued or undervalued, it is incumbent on the agent or broker to remind the applicant for insurance to set appropriate limits to avoid underinsurance or co-insurance penalties, as follows:
In this declaratory-judgment action, Emcasco says that it is only required to cover the difference between what Tufano received from the two drivers collectively ($395,000) and what she contracted for with Emcasco ($500,000), so that Emcasco only owes her $105,000 in underinsurance coverage.
For example, in a suit against an insurance broker that seeks damages for underinsurance on a piece of property, alleging both negligence and fraud, the fraud claim would be excluded under typical broker Errors and Omissions (E&O) liability policies.