underinsured motorists policy

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Underinsured Motorist Coverage — An auto insurance policy provision that extends coverage to include property and bodily damage caused by a motorist with insufficient insurance. Underinsured motorist coverage is designed to provide the injured party with compensation above what… … Investment dictionary
Assigned risk — means a driver of a motor vehicle, or a class of such drivers, who would be denied insurance coverage by insurance companies, but are required to be covered under U.S. state law. [See [http://www.thefreedictionary.com/assigned+risk Free… … Wikipedia
underinsurance — un·der·in·sur·ance /ˌən dər in shu̇r əns/ n 1: insufficient insurance 2: insurance coverage protecting usu. against uninsured or underinsured motorists by compensating the insured if the tortfeasor s liability policy limits fall short of the… … Law dictionary

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