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underinsured motorist coverage


Definition
An automobile policy option which covers one for property damage and bodily injury caused by another motorist whose coverage is insufficient to cover the damages one has suffered. This policy compensates the injured party for the difference between the injury suffered and the liability covered by the insurance of the driver at fault.

Related Terms

uninsured motorist coverage -  More

insured -

bodily injury coverage -  More

Related Terms on BusinessDictionary

automobile insurance

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