Investments glossary

Underinsured Motorist Coverage

Underinsured motorist coverage is an addition to your auto insurance policy. It protects you if you’re in an accident involving someone who doesn’t have sufficient insurance of their own. In an accident, the insurance of the at-fault person is supposed to compensate the other injured person. If the at-fault party’s policy has a limit below the cost of the damages, the injured party’s underinsured motorist coverage would cover the rest.1 2

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