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Today's Terms
Underinsured Motorist Coverage
Definition:
Pays for bodily injury or wrongful death caused by an underinsured motor vehicle (that is, a vehicle which is insured, but at an amount that is less than your uninsured motorist bodily injury (UMBI) limits).
Deductible
Definition:
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
Hit and Run
Definition:
An accident caused by someone who does not stop to assist or provide the required and necessary information.
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