MLchartDataset catalogue

Underinsured motorists coverage (UIM)

Term · Insurance and risk management · MLC-T-INS-003404

Protection for an insured driver, passengers, and family members against losses caused by a driver who has insufficient liability insurance to cover the full extent of damages. This coverage pays the difference between the at-fault driver's liability limits and the actual damages, up to the UIM policy limits. It typically applies after the at-fault driver's policy has paid its maximum.

Table 1. Record
IdentifierMLC-T-INS-003404
FieldInsurance and risk management
SubjectPersonal Lines
AbbreviationUIM
Record as JSON 
{
  "id": "MLC-T-INS-003404",
  "term": "Underinsured motorists coverage (UIM)",
  "field": "Insurance and risk management",
  "definition": "Protection for an insured driver, passengers, and family members against losses caused by a driver who has insufficient liability insurance to cover the full extent of damages. This coverage pays the difference between the at-fault driver's liability limits and the actual damages, up to the UIM policy limits. It typically applies after the at-fault driver's policy has paid its maximum.",
  "abbreviation": "UIM",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/underinsured-motorists-coverage-uim/"
}

Record 3,541 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.