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underinsure

[uhn-der-in-shoo r, -shur] /ˌʌn dər ɪnˈʃʊər, -ˈʃɜr/
verb (used with object), underinsured, underinsuring.
1.
to insure for an amount less than the true or replacement value:
It's risky to underinsure your home.
Origin
Related forms
underinsured, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for underinsured

underinsured

/ˌʌndərɪnˈʃʊəd/
adjective
1.
not having enough insurance to cover the cost of a loss
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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