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.

Read Also:

  • Invest

    verb (used with object) 1. to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value. 2. to use (money), as in accumulating something: to invest large sums in books. 3. to use, give, or devote (time, talent, etc.), as for a purpose or […]

  • Issue

    noun 1. the act of sending out or putting forth; promulgation; distribution: the issue of food and blankets to flood victims. 2. something that is printed or published and distributed, especially a given number of a periodical: Have you seen the latest issue of the magazine? 3. something that is sent out or put forth […]

  • Jacket

    noun 1. a short coat, in any of various forms, usually opening down the front. 2. something designed to be placed around the upper part of the body for a specific purpose other than use as clothing: a life jacket. 3. a protective outer covering. 4. the skin of a potato, especially when it has […]

  • Jailer

    noun 1. a person who is in charge of a jail or section of a jail. 2. a person who forcibly confines another. noun 1. a person in charge of prisoners in a jail (of Philippi), Acts 16:23. The conversion of the Roman jailer, a man belonging to a class “insensible as a rule and […]

  • Janitor

    noun 1. a person employed in an apartment house, office building, school, etc., to clean the public areas, remove garbage, and do minor repairs; caretaker. 2. Archaic. a doorkeeper or porter. verb (used without object) 3. to be employed as a janitor. noun 1. (Scot & US, Canadian) the caretaker of a building, esp a […]


Disclaimer: Underinsurance definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.