underinsured
adjective
INSURANCEuk/ˌʌndərɪnˈʃɔːd/usif apersonororganizationis underinsured, they do not have a high enoughlevelofinsurance:
Themainreasonforpeoplebeing underinsured is because they do notrealisethetruevalueoftheirproperty.
if something is underinsured, it isinsuredfor less than it isworth:
Manyhomesare still under-insured forcontents.
underinsurance
noun[U]
Theproblemof under-insurance isparticularlyacuteforownersoflistedproperty.