Under insurance is a lack of insurance coverage, option D explains the risk of underinsured.
What does it mean to be underinsured?
Under insurance is a lack of insurance coverage that leaves the policyholder liable for a large portion of a total loss or expense, potentially resulting in financial hardship.
The risk of being underinsured is greatest when a policy contains: D. multiple exclusions.
Therefore, option D explains the risk of underinsured.
Learn more about the risk of underinsured here:
https://brainly.com/question/26963603
