Business, Legal & Accounting Glossary
An insurance policy that pays for injuries caused to other individuals in the event of a motor vehicle accident. Described by the notation “a/b” where “a” is the dollar amount in thousands of coverage per person, and “b” is the dollar amount in thousands of coverage per accident. Generally, insurance companies will only the allow purchase of UM/UIM coverage up to the insured’s current bodily injury limit.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Bodily Injury Coverage are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.