underinsured motorists (UIM) coverage
Coverage for bodily injury and, in some states, property damage incurred
by an insured when an accident is caused by a motorist who is not sufficiently
insured. Depending on the jurisdiction, UIM coverage may be written with a limits
trigger or a damages trigger. With a limits trigger, UIM coverage applies when
the limits of liability carried by the other motorist are lower than the underinsured
motorists limits carried by the insured. With a damages trigger, UIM coverage
applies when the insured's damages are more than the at-fault party's available
limits.
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