{"@context":"https://schema.org","@type":"DefinedTerm","name":"underinsurance","description":"Underinsurance occurs when the sum insured falls below the actual value of the goods at the time of loss. Insurers worldwide apply the proportional rule as a consequence: the claim payout is reduced in the same ratio as the insured sum is to the true value, and this reduction applies equally to partial losses. Common causes include inaccurate value declarations, omitted ancillary costs such as freight charges and duties, and goods appreciation between policy inception and the loss event. For fre","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/underinsurance","inLanguage":"en","dateModified":"2026-06-26T17:31:47.165041","citation":"https://www.investopedia.com/terms/u/underinsurance.asp","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/underinsurance","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"underinsurance · Underinsurance occurs when the sum insured falls below the actual value of the goods at the time of loss. · Quelle: https://www.investopedia.com/terms/u/underinsurance.asp"}