under insured

Definition

A term given to those who do not possess the proper level of insurance coverage against a particular form of personal loss, including auto, home or healthcare expenses or who are not able to meet coinsurance criteria. In addition, the term 'under insured' can also be applied to a policy that does not provide sufficient benefits. For example, an individual who lives in a high-risk flood area but purchases a homeowner's policy that does not reimburse for loss due to water damage would be considered under insured.

单词	under insured
释义	under insured Definition A term given to those who do not possess the proper level of insurance coverage against a particular form of personal loss, including auto, home or healthcare expenses or who are not able to meet coinsurance criteria. In addition, the term 'under insured' can also be applied to a policy that does not provide sufficient benefits. For example, an individual who lives in a high-risk flood area but purchases a homeowner's policy that does not reimburse for loss due to water damage would be considered under insured.
随便看	government auditing standards government debt government failure government grant government income fund government intervention government market government monopoly Government National Mortgage Association (GNMA) government-operated non-governmental organization (GONGO) government-owned property government paper government procurement government purchases government securities government shutdown Government Sponsored Enterprise (GSE) government surplus grace period grace period clause grad grade graded commission graded death benefits graded premium