Underinsured Motorist definition

Underinsured Motorist means an owner or operator of a vehicle who is legally liable for the injury or death of an insured but is unable, when the injury or death occurs, to pay the full amount of damages recoverable by the insured or his personal representative in respect of the injury or death.
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Underinsured Motorist means a driver who causes an accident and has at least minimum legally required motor vehicle liability insurance but the insurance does not have payment limits high enough to cover the damage they caused.
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Underinsured Motorist. “Medical-Payments”, “No-Fault”, or “Personal Injury Protection” or other insurance coverage provision as a result of injury or illness caused by another. Regardless of how You or Your representative or any agreements characterize the money You receive, it shall be subject to the Referral: An authorization given to one Network Provider from another Network Provider (usually from a PCP to a Network Specialist) in order to arrange for additional care for a Member. A Referral can be transmitted electronically or by Your Provider completing a paper Referral form.
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Examples of Underinsured Motorist in a sentence

  • Uninsured Motorist and/or Underinsured Motorist Coverage is provided only if required for self-insureds by law in the state where the covered entity is located.

  • If there is other applicable Uninsured or Underinsured Motorist Coverage, the damages the “insured” is entitled to recover under this Part V shall be deemed not to exceed the highest limit of any applicable coverage.

  • Underinsured Motorist BI: $100,000 per person/ $300,000 per occurrence 4.

  • Under Part II – Uninsured Motorist Coverage and Underinsured Motorist Coverage, F.

  • To the extent that the total damages exceed the total applicable limits, any Underinsured Motorist Coverage under this policy is applicable to the difference.

  • The maximum amount payable under Underinsured Motorist Bodily Injury Coverage shall be the coverage limit for the covered auto involved in the accident or for any one auto shown on the Declarations Page, if the insured is not in a covered auto, less those amounts actually recovered by the insured under the applicable bodily injury insurance policies, bonds or other security maintained on the underinsured motor vehicle.

  • The people insured under this section are the same as those under your MPI compulsory Basic Insurance Underinsured Motorist Protection.

  • If multiple policies or coverage purchased from us by an insured person on different vehicles provide Uninsured Motorist Coverage or Underinsured Motorist Coverage to an accident or claim, then the insured person shall select one of these policies or coverages to apply.

  • The Uninsured and Underinsured Motorist Coverage provided by this policy is excess over any other collectible Uninsured and/or Underinsured Motorist Coverage provided by any other policy which applies to the same accident.

  • The Corporation shall provide Underinsured Motorist Protection to an insured on the same terms and conditions as Part 10 Division 2 of the Regulation.


More Definitions of Underinsured Motorist

Underinsured Motorist coverage is not provided by the policy except in states where required by law up to a maximum amount of $100,000 or in amounts as required by law • The policy does not provide "No Fault" and other supplemental or optional coverages • Punitive or exemplary damages to the extent permitted by law. In Florida, SLI cannot be purchased if the term of the Rental Agreement is more than 30 days, coverage cannot be provided for more than 30 consecutive days; and if the Rental Agreement extends beyond 30 days, coverage may be extended one time only, for a period not to exceed 30 days. This is just a summary of SLI. The specific terms, conditions and exclusions thereof are subject to all provisions, limitations and exclusions contained in the rental agreement and the SLI policy issued by ACE American Insurance Company, one of the United States-based subsidiaries of ACE Limited . (NYSE: ACE) "ACE" and the ACE logo are service marks of the ACE Group, which is comprised of ACE Limited and its subsidiaries. This summary is not intended to provide a complete description of the terms, conditions and exclusions of the policy. For more details, we invite you to review a copy of the policy, which is available for inspection, upon request, at the MiamiXperience / GRUPO ▇▇▇▇ USA LLC location where you are renting. Employees, agents or sponsors of MiamiXperience / GRUPO ▇▇▇▇ USA LLC are not qualified to evaluate the adequacy of existing renter's coverage. Free cancellations up to 7 days before the start date of the reservation. 50% refund for cancellations between 3 and 7 days before the start date of the reservation. Cancellations within 3 days of the reservation start date are non-refundable. No show (15 minutes late) = no refund
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Underinsured Motorist means the owner or operator of a motor vehicle whose ownership, operation, maintenance or use of that motor vehicle is insured by a bodily injury liability bond or policy at the time of the accident, but its limits of liability for bodily injury: a . are less than the coverage limit for Uninsured/Underinsured Motorist Cov- erage shown on the declarations page; or b . have been reduced by payments for bodily injury to persons injured in the accident, other than an insured person, to less than the coverage limit for Uninsured/Underinsured Motorist Coverage shown on the declarations page . An “underinsured motorist” does not include an owner or operator of a mo- tor vehicle: a . that is owned by you or a relative or furnished or available for the regular use of you or a relative; b . that is owned by any governmental unit or agency unless the operator of the motor vehicle has immunity under Chapter 2744 of the Ohio Revised Code (relating to certain political subdivisions operating a fire department, police department, or emergency medical service); c . that is a covered auto; or d . that is owned or operated by an uninsured motorist .
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Underinsured Motorist protection and minimum "No- Fault" and any supplementary No-Fault protection except to the extent applicable law (A) requires National to provide those protections, or (B) prohibits the rejection of those protections. If required and not rejectable, the limits for this protection are the minimum required by the jurisdiction in which the Vehicle is rented. These protections, if required by law, are provided on the same basis as the liability protection provided under the Agreement. In the event of an accident, all Authorized Driver(s) will (A) provide National with the name of their insurance companies, (B) cooperate fully with National in presenting claims and in any other aspects of the claims process, and (C) report the loss to the Authorized Driver(s)' insurance company. If a claim is made or lawsuit filed and no other source of defense is available to the Authorized Driver(s), National may defend the claim or lawsuit, at National' s sole discretion, even if the claim or lawsuit proves to be groundless, false or fraudulent. In defending a claim or lawsuit, National may, at National' s discretion, make any settlements National considers advisable. National has no duty to further defend any Authorized Driver(s), if assumed, upon exhaustion of the limits required by the automobile financial responsibility or compulsory insurance laws of the jurisdiction in which the Vehicle is rented. All Authorized Driver(s) agree to defend, indemnify and hold National harmless from and against all loss, liability and expenses as a result of bodily injury, death or property damage caused by, or arising out of the use or operation of the Vehicle, except for amounts paid by National pursuant to this Paragraph. All Authorized Driver(s) agree to comply with and be bound by all terms, conditions, limitations and restrictions of any protection provided by National. All Authorized Driver(s) shall comply with the procedures on accident and claims reporting set forth in Paragraph 18. Evidence of this insurance or qualified self-insurance is available for inspection at National. You understand that the protection does not apply to: o Any obligation assumed by Authorized Driver(s) under any contract of whatever nature. o Any fines, penalties, punitive damages or exemplary damages for which Authorized Driver(s) may become legally obligated to pay. o Injury to or destruction of personal property owned by or in the possession, custody or control of any Authorized Driver(s) or passenger...
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Related to Underinsured Motorist

  • 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.

  • Uninsured motor vehicle means a land motor vehicle or trailer of any type:

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type: 1. To which no bodily injury liability bond or policy applies at the time of the accident. 2. To which a bodily injury liability bond or policy applies at the time of the accident. In this case its limit for bodily injury liability must be less than the minimum limit for bodily injury liability specified by the financial responsibility law of the state in which "your covered auto" is principally garaged. 3. Which is a hit-and-run vehicle whose operator or owner cannot be identified and which hits: a. You or any "family member"; b. A vehicle which you or any "family member" are "occupying"; or c. Your covered auto". 4. To which a bodily injury liability bond or policy applies at the time of the accident but the bonding or insuring company: a. Denies coverage; or b. Is or becomes insolvent. 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, except a self-insurer which is or becomes insolvent. 3. Owned by any governmental unit or agency. 4. Operated on rails or crawler treads. 5. Designed mainly for use off public roads while not on public roads. 6. While located for use as a residence or premises.

  • Collision only if the Declarations indicate that Collision Coverage is provided for that auto.

  • Insured means the Executive.