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Meaning of underinsure

un•der•in•sure

Pronunciation: (un"dur-in-shoor', -shûr'), [key]
— -sured, -sur•ing.
  1. to insure for an amount less than the true or replacement value: It's risky to underinsure your home.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.