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Underinsured

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Underinsured
A person or company with insufficient insurance to pay for a negative event. For example, if one's health insurance has a maximum benefit of $1 million and one contracts a chronic disease whose treatment costs $2 million over several years, one may be said to be underinsured.


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As a 20-year-old college student, McLaughlin was covered under his parents' Travelers auto policy, which included up to $1 million in coverage for claims arising from accidents caused by underinsured drivers, according to the suit.
An experienced injury attorney can make sure that the settlement for policy limits with the other carrier does not preclude your right to bring your claim for underinsured motorist benefits.
Endsleigh does not offer extra cover on standard policies - potentially leaving families underinsured during Christmas.
 
 
 
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