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

Insurance Guaranty Act

Law, in several states, establishing a fund to guarantee benefits under policies issued by insurance ...

Insurer

Company offering protection through the sale of an insurance policy to an insured. ...

Omnibus Budget Reconciliation Act Of 1993

Act designed to help reduce the federal deficit by approximately $496 billion over five years throug ...

Service Adjustment

Change in years of service credited to employee in calculating pension benefits and other employee b ...

Schedule Injury

Injury covered under workers compensation insurance. For every part of the body that may be injured, ...

Indexed ARMs

Adjustable rate mortgages on which the interest rate is mechanically determined based on the value o ...

Related Real Estate FAQ

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

How Do I File An Insurance Claim?

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

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

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FAQ

What do I need to know about Auto Insurance? What is an overall debt ratio? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What is a subprime mortgage? What is an adjustable-rate mortgage (ARM)?