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What is “underinsured motorist” coverage?

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What is “underinsured motorist” coverage?

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Underinsured motorist coverage protects you in case of an accident caused by a motorist who does not have enough liability coverage to pay for injuries or damage. The required minimum state limits for this coverage are generally the same as uninsured motorist coverage.

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Underinsured motorist coverage pays for injuries and damage caused to the policy holder by a driver with inadequate insurance. It usually pays the difference between the at-fault driver’s liability limit and the holder’s policy limit. There are separate limits for property damage and bodily injury liability. This coverage is sometimes combined with uninsured motorist coverage under one policy and may be required in some states.This information is meant for suggestive purposes only and is not meant to be taken as fact or law.

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