FT MarketWatch

Underinsured motorist coverage

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: 9 Coverage, Cover, Damages, Insurance, Liability, Option, Policy, Party, Property
Other Related Pages: Category: Insurance Starting With: U
Additional Related Terms: Allowance for depreciation, Above par, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Accommodative monetary policy, Adjustable life insurance