A waiver of underinsurance is a contractual agreement with the → Insurers. If these → If such a clause is included in the insurance terms and conditions, the → Insurers in the → The insurer does not investigate whether the policy was underinsured and covers the full cost of the claim up to the agreed sum.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.