Will pay you and your passengers for bodily injury cause by a negligent uninsured motorist, a hit-and-run driver, or by a driver whose insurer is insolvent.
Insurance Encyclopedia
Uninsured motorist insurance
1. Insurance coverage for damages as a result of an accident involving a hit-and-run driver or a driver who does not have insurance. 2. Under Medicare Secondary Payer guidelines, this is described as liability insurance under which the policyholder’s insurer pays for damages caused by a motorist who has no automobile liability insurance, carries less than the amount of insurance required by law, or is underinsured.
Uninsured Motorist Property Damage
Will pay for damages to your automobile, set up to a limit, when caused by a negligent uninsured motorist.
Uninsured motorist’s coverage (Vehicle Insurance)
Coverage found in an automobile insurance policy that covers the insured for damages that cannot be paid by the motorist at fault because they do not have insurance. In such a case, the insurer will pay for the damage done to the insured. This coverage also covers hit and run damage.
Uninsured motorists (Vehicle Insurance)
A motorist who possesses no insurance or an inadequate amount of insurance.
Uninsured motorists coverage
Coverage for the insured and passengers whenever the at-fault driver in an accident has no auto liability insurance. Coverage is usually to the extent of limits required by state auto financial responsibility laws.
Uninsured plan (Pensions)
A term used to refer to a plan which is not handled through an insurance product.
Uninsured standing charges clause
Business interruption clause providing that, if any standing charge is not insured, a proportionate reduction will be made in the increased cost of working part of the claim.
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A provision in a business interruption policy that if any standing charges of a business are uninsured a proportionate reduction for a claim for increased cost of working shall be made in their respect.
Uninsured working expenses
See: SPECIFIED WORKING EXPENSES; BUSINESS INTERRUPTION INSURANCE.
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Defined in a Business interruption policy as purchases, carriages, packing and freight (other than the insured’s own) and wages.
Uninsured/Underinsured Motorist Coverage
A form of insurance that pays the policy holder and passengers in his/her car for bodily injury caused by the owner or operator of an uninsured or inadequately insured automobile.