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underinsure

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

Related formsun·der·in·sured, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018