Definitions for underinsureˌʌn dər ɪnˈʃʊər, -ˈʃɜr
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Random House Webster's College Dictionary
un•der•in•sureˌʌn dər ɪnˈʃʊər, -ˈʃɜr(v.t.)-sured, -sur•ing.
to insure for an amount less than the true or replacement value.
Category: Business
Origin of underinsure:
1890
Wiktionary
underinsure(Verb)
To insure insufficiently.
Since the house was underinsured, we couldn't afford to replace most of the furniture after the fire.
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