Unsatisfied Judgment Fund

Definition of "Unsatisfied judgment fund"

Joy Jones real estate agent

Written by

Joy Joneselite badge icon

Bluecoast Realty Jacksonville

Money set aside in some states to pay otherwise uncompensated bodily injury claims to innocent victims of automobile accidents. The claimants must prove that they were not at fault and that they cannot collect damages from the drivers who hit them. The responsible drivers then lose their licenses until they reimburse the fund.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Same as term Excess of Loss reinsurance: method whereby an insurer pays the amount of each claim for each risk up to a limit determined in advance and the reinsurer pays the amount of the ...

List of the values of specific medical procedures in comparison with other medical procedures. ...

Tax assessed by the states as a payroll tax on employers to pay for unemployment compensation ...

Coverage in the event that, while practicing the profession of druggist, an act or omission is committed resulting in bodily injury, personal injury, and/or property damage to a customer. ...

Report showing sources of income and expenses of an individual. ...

Coverage for fire and explosion, against fire and any damage caused by explosion whether or not fire ensues, and whether or not an explosion occurs on- or off-board; sinking from floating ...

Payments due to an insurance company but not yet paid. ...

Payment under a state-sponsored program for victims of crimes. ...

Provision commonly found in fire insurance contracts. If the insured knows that a hazard is increased, most property contracts permit the insurance company to suspend or terminate coverage. ...

Popular Insurance Questions