Underinsured motor vehicle definition

Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but its limit for bodily injury liability is less than the limit of liability for this coverage.

Underinsured motor vehicle means a land motor vehicle or trailer of any type to which one or more bodily injury liability bonds or policies apply at the time of the “accident”, but the sum of all applicable limits of liability for “bodily injury” under all such bonds and policies is less than the Limit of Liability as indicated on the “Declarations” for Underinsured Motorist Coverage Bodily Injury. 1. Owned by or furnished or available for the regular use of “you” or any “family member.” 2. Owned or operated by a self-insurer under any applicable motor vehicle law,

Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but the amount paid for bodily injury is not enough to pay the full amount the insured is legally entitled to recover as damages.

Examples of Underinsured motor vehicle in a sentence

• Underinsured motor vehicle coverage, which provides coverage up to the limits of uninsured motorist coverage where the wrongdoer’s liability coverage is less than the uninsured motorist’s limits, is optional.

• Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability policy applies at the time of the accident but the sum of all applicable limits of liability for bodily injury is less than the total damages for bodily injury resulting from the accident.

• Underinsured motor vehicle does not include any vehicle or equipment which is:a.

• Underinsured motor vehicle means a motor vehicle which is insured by a liability bond or policy at the time of the accident which provides bodily injury liability limits less than the damages an insured person is legally entitled to recover.

• The definitions of Section IV, Uninsured Motorists Coverage, of your policy apply to this coverage except for the following special definition: Underinsured motor vehicle means a motor vehicle with respect to the ownership, maintenance or use of which the sum of the limits of liability under all bodily injury liability insurance coverage applicable at the time of loss to whichcoverage afforded by such policy or policies applies is less than the liability for damages imposed by law.

More Definitions of Underinsured motor vehicle

Underinsured motor vehicle means a motor vehicle whose ownership, maintenance or use has resulted in bodily injury or death of the insured, as defined in the policy, and for which the sum of the limits of liability under all bodily injury liability insurance policies or bonds or other security required to be maintained under Illinois law applicable to the driver or to the person or organization legally responsible for such vehicle and applicable to the vehicle, is less than the limits for Underinsured Motorist Coverage as stated on the Declarations or endorsement to this policy at the time of the accident.

Underinsured motor vehicle means a motor vehicle as defined in item (9) as to which there is bodily injury liability insurance or a bond applicable at the time of the accident in an amount of at least that specified in Section 38‑77‑140 and the amount of the insurance or bond is less than the amount of the insureds’ damages.”

Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident, but the amount paid for "bodily injury" under that bond or policy to an "insured" is not enough to pay the full amount the "insured" is legally entitled to recover as damages.

Underinsured motor vehicle means a motor vehicle with respect

Underinsured motor vehicle means a land motor vehicle or trailer of any type for which the sum of the limits of liability under all bodily injury liability bonds or policies applicable at the time of the accident is less than the coverage limit for Underinsured Motorist Coverage shown on the declarations page.

Underinsured motor vehicle means a motor vehicle for which there is a bodily injury liability insurance policy, or bond providing equivalent liability protection, in effect at the time of the accident, but the applicable limit of bodily injury liability of such policy or bond:

Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy