Uninsured Motorist Coverage

Definition of "Uninsured motorist coverage"

Endorsement to personal automobile policy (PAP) that covers an insured involved in a collision with a driver who does not have liability insurance.

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Related Real Estate Glossary terms

Group Deferred Annuity

Contract for retirements benefits in which an entire group of employees is underwritten, as opposed ...

Fixed Annuity

Same as term Fixed Dollar Annuity: annuity that guarantees that a specific sum of money will be paid ...

Physician Hospital Organization (pho)

Separate legal entity formed by one or more physicians and one or more hospitals whose objective it ...

Rent Insurance

Endorsement to an existing policy or a separate policy covering loss of rental income to the propert ...

Revaluation

Reconsideration of the value of real property. An example is getting property appraised each year t ...

Neighborhood Life Cycle

Changes occurring in neighborhoods over time. The neighborhood life cycle includes the phases of bir ...

Related Real Estate FAQ

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

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