Definition of Underinsured Motorist Coverage Underinsured Motorist Coverage is a type of auto insurance that provides protection to policyholders in the event they are involved in an accident with a driver who has insufficient insurance coverage to fully compensate for the damages. This coverage is designed to bridge the gap … …
Importance of Underinsured Motorist Coverage Underinsured motorist coverage is designed to protect you in situations where the at-fault driver’s insurance coverage is not enough to fully compensate you for your injuries and damages. Without this coverage, you may be left with significant out-of-pocket expenses. Why is underinsured motorist coverage important? … …
What is Third Party Liability Insurance? Third Party Liability Insurance is a type of insurance coverage that protects the insured party against claims made by a third party for damages or injuries caused by the insured party. In other words, it provides financial protection in case you are held legally … …
What is Subrogation in Insurance? Subrogation is a legal principle that allows an insurance company to step into the shoes of its insured and pursue a claim against a third party who is responsible for the damages. In simpler terms, it is the process by which the insurance company seeks … …
What is Underinsured Motorist Coverage? Underinsured Motorist Coverage is a type of auto insurance that provides financial protection to policyholders in the event of an accident caused by a driver who does not have enough insurance coverage to fully compensate for the damages. This coverage helps bridge the gap between … …
What is the Blue Book? Originally published in 1926 by Les Kelley, the Blue Book was initially used by car dealerships and automotive professionals to determine the fair market value of used cars. Over the years, it has become an essential tool for car buyers and sellers, as well as … …