Definition of "underinsurance" [underinsurance]

• Inadequate insurance. (noun)

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• "This problem is often called underinsurance, a problem that will be much, much worse if this is passed."
• "One barometer of the "underinsurance" problem is a PriceWaterhouseCoopers survey which found that companies with slowed profit growth are more likely to offer "high deductible insurance plans" that provide no coverage for the first several thousand dollars of treatment."
• "It outlines the implications of a growing "underinsurance" problem and urges government leaders to act to ensure families who purchase insurance get the coverage they need."