Definitions for "Underinsured"
Having insufficient insurance coverage. see also bare.
Having too little insurance coverage to adequately provide for the protection of your family or your assets.
1. Failure to maintain adequate coverage for a specific loss or damage. 2. Failure to meet a COINSURANCE requirement
Refers to people who have some type of health insurance, such as catastrophic care, but not enough insurance to cover all their health care costs.
People with public or private insurance policies that do not cover all necessary medical services, resulting in out-of-pocket expenses that exceed their ability to pay.