Underinsurance



[uhn-der-in-shoo r-uh ns, -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.

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