Underinsured Automobile definition

Underinsured Automobile means an automobile for which the sum of liability limits of all applicable liability bonds or policies at the time of an accident is less than the limits of indemnification applicable to Insuring Agreement 3 of this section.
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Underinsured Automobile means an automobile or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but its limit for bodily injury liability is less than the limit of liability for this coverage. However, “underinsured automobile” does not include any vehicle:
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Underinsured Automobile means a motor vehicle whose ownership, maintenance or use has resulted in bodily injury or death of the insured, as defined in the policy, and for which the sum of the limits of liability under all bodily injury liability insurance policies or bonds or other security required to be maintained under Illinois law applicable to the driver or to the person or organization legally responsible for such vehicle and applicable to the vehicle, is less than the limits for Underinsured Motorist Coverage as stated on the Declarations or endorsement to this policy at the time of the accident.
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Examples of Underinsured Automobile in a sentence

  • At the same time that Julius signed the application, he was presented with an “Offer of Optional Additional Uninsured and Underinsured Automobile Insurance Coverages” form.

  • At a minimum, details must be provided for Third Party Liability, Accident Benefits, Uninsured Automobile, Collision, Comprehensive, All Perils, Specified Perils and SEF 44 (Underinsured Automobile), even if a rate level change is not proposed for each of these coverages.

Related to Underinsured Automobile

  • Guaranteed automobile protection insurance means insurance offered in

  • Automobile means any self-propelled land motor vehicle, trailer or semi-trailer (including machinery, apparatus, or equipment attached thereto) which is principally designed and is being used for transportation of persons or property on public roads.

  • Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but its limit for bodily injury liability is either:

  • Deductible has the meaning set forth in Section 11.1(e).

  • Insured means the Executive.

  • Automobile graveyard means any establishment or place of business which is maintained, used or operated for storing, keeping, buying or selling wrecked, scrapped, ruined or dismantled motor vehicles or motor vehicle parts.

  • Insured Amount As defined in the Policy.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Unmanned Aerial Vehicle ("UAV") (9) means any aircraft capable of initiating flight and sustaining controlled flight and navigation without any human presence on board.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Insured”, “You”, “Your means a person:

  • Accident means a sudden, unforeseen and involuntary event caused by external, visible and violent means.

  • Stinger-steered automobile or watercraft transporter means an automobile or watercraft transporter

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Automobile Related Injury means bodily Injury sustained by a [Member] as a result of an accident:

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type:

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date.

  • Automobile or watercraft transporters means any tractor truck, lowboy, vehicle, or combination,