Underinsured Motorist Endorsement


Definition of "Underinsured motorist endorsement"

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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Strike-through Clause (cut-through Clause)

Provision that holds a re-insurer liable for its share of losses even if the ceding company becomes ...

Chapter 13

A judicially approved plan in which a persons obligations are paid over three years. It is an arrang ...

Product Liability Insurance

Coverage usually provided under the commercial general liability insurance (CGL); it can also be pur ...

Effective Time

Same as term Date of Issue: date when an insurance company issues a policy. This date may be differe ...

Total Disability Benefit

Monthly income payment from a disability income insurance policy made to the insured wage earner whe ...

Debit System

Same as term Debit Insurance: life insurance on which a premium is collected on a weekly, bi-weekly, ...

Related Real Estate FAQ

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

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

5 signs of house foundation problems How to become a real estate agent How To Get A Loan with Bad Credit What Must I Disclose When Selling My Home? Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

Should I Consolidate My Debt? What is an agent? What do I need to know about Homeowners Insurance? What is a buyer’s agent? What is principal?