underinsured

underinsured
underinsured un‧der‧in‧sured [ˌʌndərɪnˈʆʊəd◂ ǁ -ˈʆʊrd◂] also under-insured adjective INSURANCE
1. if a person is underinsured, the value of the health care for which they are insured is less than they need:

• We must focus on ensuring that low-income, underinsured residents can get decent health care.

2. if property or its owners are underinsured and the property is stolen, damaged etc, the owners will receive less from the insurance company than the property is worth:

• With our revaluation scheme, providing you were not underinsured to start with, you need no longer worry about becoming underinsured as a result of inflation.

— underinsurance noun [uncountable] :

• In the event of a serious loss considerable hardship can be caused by underinsurance.

* * *

underinsured UK US /ˌʌndərɪnˈʃɔːd/ adjective INSURANCE
► if a person or organization is underinsured, they do not have a high enough level of insurance: »

The main reason for people being underinsured is because they do not realise the true value of their property.

► if something is underinsured, it is insured for less than it is worth: »

Many homes are still under-insured for contents.

underinsurance noun [U]
► »

The problem of under-insurance is particularly acute for owners of listed property.


Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • underinsured — un·der·in·sured /ˌən dər in shu̇rd/ adj: not sufficiently insured: having insufficient insurance to cover losses or damages an underinsured motorist Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • underinsured — underinsuredˈ (↑insured) adj(4b) • • • Main Entry: ↑under …   Useful english dictionary

  • Underinsured Motorist Coverage Limits Trigger — One of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance. The underinsured motorist coverage limits trigger ensures that in the event of an… …   Investment dictionary

  • Underinsured Motorist Endorsement — An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder and his or her passengers in the event of an accident caused by a driver who does not have sufficient coverage. The… …   Investment dictionary

  • Underinsured Motorist Coverage — An auto insurance policy provision that extends coverage to include property and bodily damage caused by a motorist with insufficient insurance. Underinsured motorist coverage is designed to provide the injured party with compensation above what… …   Investment dictionary

  • underinsured motorist coverage — Such insurance provides for situations in which offending motorist does not carry enough coverage to pay damages incurred by the injured party. Over half of the states have statutes providing for some form of Underinsured coverage. It is not… …   Black's law dictionary

  • underinsured — adjective Date: 1893 not sufficiently insured …   New Collegiate Dictionary

  • underinsured — adjective a) not having sufficient insurance to cover loss or damage b) not having proper health insurance …   Wiktionary

  • underinsured — adj. without sufficient insurance, insured for less than the full value …   English contemporary dictionary

  • underinsured — adjective having inadequate insurance cover. Derivatives underinsurance noun …   English new terms dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”