Underinsured Motorist Endorsement


Definition of "Underinsured motorist endorsement"

Nancy Marquez GRI, SRES
Nancy Marquez GRI, SRES Coldwell Banker Residential Brokerages

Addition to a personal automobile policy (pap) that covers an insured who is involved in a collision with a driver who does not have sufficient liability insurance to pay for the damages.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Bond (financial)

Corporate or government security that pays interest and obligates the corporation or government agency to pay that interest at the end of specific tim ...

Inverted Yield Curve

Curve that results when yields on short-term treasury issues exceed those on long-term government debt. A widely accepted theory holds that when short ...

Self-inflicted Injury

Intentional injury caused by the person injured. For life and health insurance purposes, self-inflicted injury typically is not covered by accident po ...

Personal Contract

Agreement concerning an insured individual, not the insured's property. A property and casualty insurance contract cannot be assigned, since it follow ...

Actual Authority (express Authority)

Specific powers granted by the principal (the insurance company) to the agent in the contract. ...

Disability Clause

Provision found in a life insurance policy that provides that certain benefits will be paid in the event the insured becomes totally and permanently d ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What is principal? How big is an acre? What is a Buildable acre? What is a gift letter? What is a FHA mortgage?