The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
Underinsured Motorist Coverage: Optional coverage that provides benefits for bodily injury in the event an at-
fault driver has inadequate liability limits.
Underlying Insurance Policy: The insurance policy that provides initial benefits for a claim.
Underlying Limits: The maximum limits available on an underlying insurance policy.
Underwriter: The person responsible for accepting, declining and rating an insurance policy.
Unearned Premium: That portion of an insurance policy which is returned to a policyholder in the event of a
cancellation.
Uninsurable Risk: A risk unacceptable to an insurance company.
Uninsured Motorist Coverage: Optional coverage that provides benefits for bodily injury in the event an at-fault
driver has no liability limits or was a “hit and run” driver.
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