underinsured motorist coverage
DefinitionAn 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.
This content can be found on the following page:
underinsured motorist coverage is ...
... part of the Insurance subject.
... part of the Insurance subject.
Related Terms
insured -
property damage coverage, collision coverage, comprehensive coverage
underinsured motorist coverage appears in the definitions of these other terms on BusinessDictionary.com
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