underinsurance

underinsurance
Inadequate insurance.
See Also: underinsure

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  • underinsurance — un·der·in·sur·ance /ˌən dər in shu̇r əns/ n 1: insufficient insurance 2: insurance coverage protecting usu. against uninsured or underinsured motorists by compensating the insured if the tortfeasor s liability policy limits fall short of the… …   Law dictionary

  • Underinsurance — Inadequate insurance coverage by the holder of a policy. In the event of a claim, underinsurance may result in economic losses to the policy holder, since the claim would exceed the maximum amount that can be paid out by the insurance policy.… …   Investment dictionary

  • underinsurance — 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… …   Financial and business terms

  • underinsurance — /un deuhr in shoor euhns, sherr /, n. 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] * * * …   Universalium

  • underinsurance — n. inadequate insurance, insurance not adequate to recover the full value of what is insured …   English contemporary dictionary

  • underinsurance — | ̷ ̷ ̷ ̷ ̷ ̷| ̷ ̷ ̷ ̷ noun Etymology: under (III) + insurance : insurance in an amount insufficient to cover the possible loss or to satisfy the requirements of a coinsurance clause * * * /un deuhr in shoor euhns, sherr /, n. insurance purchased …   Useful english dictionary

  • Condition of average — Illustration of the partial payout of Sum Insured against probability of occurrence Condition of average (also called underinsurance[1] in the U.S., or principal of average[2], su …   Wikipedia

  • 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,… …   Financial and business terms

  • Health care in the United States — ] Current estimates put U.S. health care spending at approximately 15.2% of GDP, second only to the tiny Marshall Islands among all United Nations member nations. The health share of GDP is expected to continue its historical upward trend,… …   Wikipedia

  • United States — This article is about the United States of America. For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation). United States of America …   Wikipedia

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