underinsure

American  

[uhn-der-in-shoor, -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.

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Other Word Forms

• underinsured adjective

Etymology

Origin of underinsure

under- + insure

Example Sentences

In other words, some companies simply tended to underinsure.

From MarketWatch

Swanson said vendors who travel between jewelry shows typically underinsure their merchandise because they can’t afford to insure it fully.

From Seattle Times

“But if we underinsure, well, that would be the day the music died.”

From New York Times

The overcharged parties will underinsure, and the undercharged parties will over-insure, perpetuating the problems in our current system.

From Time