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

under- + insure

underinsured, adjective
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
underinsured (ˌʌndərɪnˈʃʊəd)
not having enough insurance to cover the cost of a loss

Collins English Dictionary - Complete & Unabridged 10th Edition
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