Definition of underinsurance in US English:

underinsurance

noun

  • See underinsured

    • ‘A number of insurers seek to solve the problem of festive underinsurance by increasing their level of contents insurance cover for a nominal period before and after Christmas.’
    • ‘The bushfires in Canberra highlighted the problems of underinsurance and the value in households making regular reviews.’
    • ‘Many unfortunate families have been bankrupted and failed in finding the care they needed because of this underinsurance problem.’
    • ‘It doesn't take long for an adjuster working for a particular insurance company client to detect a pattern of underinsurance on the coverages.’

Pronunciation

underinsurance

/ˌəndərinˈSHo͝orəns//ˌəndərɪnˈʃʊrəns/