underinsure

[uhn-der-in-shoor, -shur]

un·der·in·sure

[uhn-der-in-shoor, -shur]
verb (used with object), un·der·in·sured, un·der·in·sur·ing.
to insure for an amount less than the true or replacement value: It's risky to underinsure your home.

Origin:
under- + insure

un·der·in·sured, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Underinsure is one of our favorite verbs.
So is absquatulate. Does it mean:
to flee; abscond:
to steal or take dishonestly (money, esp. public funds, or property entrusted to one's care); embezzle.
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