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.




underinsured motorist coverage is ...
... part of the
Insurance subject.


Related Terms

uninsured motorist coverage -  More
insured -
bodily injury coverage -  More
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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