Definition of "underinsure" []

• To insure under a policy that provides inadequate benefits: Be certain that you are not underinsured against catastrophic illness. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "If people often overinsure against small losses, they underinsure against big ones."
• "By mandating that every person be insured, ObamaCare would give private health insurance companies license to systematically underinsure policyholders while cashing in on the moral currency of universal coverage."
• "Never underinsure because if coverage is less than 80% of replacement cost and you have a loss, the policy will pay only a percentage of the loss."