Vocab
uninsured motorist
coverage protects a client involved in an auto accident with an at-fault party who doesn’t have liability insurance, or with an unidentified or hit-and-run vehicle.
For Uninsured Motorist coverage to apply to a claim, the _ _-_ _ _ _ _
vehicle or trailer must meet the definition of an “uninsured motor vehicle”
Underinsured Motorists (UIM) Coverage applies when:
The at-fault driver's liability limits are too low to cover damages.
special damages
are measurable costs such as hospital bills
The third situation is a _ _ _-_ _ _- _ _ _ vehicle whose owner can’t be identified, but only when it hits: you or any “family member,” a vehicle occupied by you or any “family member,” or “your covered auto.”
Hit-and-run
What does Uninsured Motorists (UM) Coverage protect againts?
Injuries caused by an at- fault driver who has no liability insurance.
general damages
Provide compensation to the injured party for intangible costs such as pain and suffering.
What are the two types of compensatory damages?
Special damages and General Damages
groups of individuals defined as “insureds,” although coverage may later be removed by an exclusion?
First, second, and third.
Is UM and UIM required?
what are the first, second, and third groups?
The first group is you and any “family member."
The second group is any other person “occupying” or using “your covered auto,”
the third group is any person entitled to damages because of “bodily injury” to “insureds” previously described in the first two groups.
In the first group "you" is what
resident spouse, and residents related to them by blood, marriage, adoption, or who are foster children—always receive the broadest, or best, coverage.