underinsured motorists coverage
Definition
A type of automobile insurance coverage that pays if the driver found to be liable cannot pay the full balance he is liable and his automobile insurance policy has paid out as much as it will pay. Under these circumstances, the insurer pays up to a predetermined limit for bodily injury damages.
Related Articles
- Alternatives to Traditional Property Investments *
- Taxation of IRA Contributions *
- Planning to Retire? Don't Count On Social Security Alone *
- Common Forex Scams *
- Yield, Duration and Ratings of Bonds *
- How to Sell a House *
- What are Stock Option Plans? *
- Credit Default Swaps *
Related Videos
http://www.businessdictionary.com/definition/underinsured-motorists-coverage.html
