what is underinsurance 
underinsurance refers to an insufficient insurance policy a good insurance policy won t prevent any of life s calamities but it should make the financial consequences easier to bear however underinsurance can leave the enrollee liable for a large financial expense if a serious event occurs whether it s a home damaged by a hurricane or fire or an insured person experiencing a serious disease or accident insurance should ideally cover enough of the expense that the policyholder can manage the difference 