underinsured motorist coverage

underinsured-motorist coverage. Insurance that pays for losses caused by a driver who negligently damages the insured but does not have enough liability insurance to cover the damages. Cf. UNINSURED-MOTORIST COVERAGE. [Cases: Insurance 2772, 2787. C.J.S. Insurance §§ 1647, 1650, 1653, 1657.]

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词条贡献者

译者Wendy，欧洲知名商学院国际金融专业，擅长翻译各种与私募基金相关的法律文件。