underinsurance

noun

un·​der·​in·​sur·​ance
ˌən-dər-in-ˈshu̇r-əns
1
: insufficient insurance
2
: insurance coverage protecting usually against uninsured or underinsured motorists by compensating the insured if the tortfeasor's liability policy limits fall short of the insured's losses : insurance providing uninsured motorist coverage

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Cite this Entry

“Underinsurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/underinsurance. Accessed 19 Jul. 2024.

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