Your personal umbrella policy can cover
the difference up to your policy limits.
Not exact matches
If you have an umbrella
policy, it will cover the
difference,
up to your new coverage
limit.
If you drive a vehicle valued at $ 50,000, for example, and you are hit by a driver whose insurance provides coverage
up to $ 25,000 in damages, your uninsured or underinsured motorist coverage would cover the
difference,
up to the
limits of liability in your
policy.
Although the car owner's insurance usually covers costs, if costs exceeds the
policy's
limits you might have
to make
up the
difference.
Also, if the driver who hit you has some auto insurance but not enough, «under - insured» motorist coverage can help cover the
difference between your accident expenses and the driver's coverage,
up to the
limits of your
policy.
This may be either (1) reduced paid -
up insurance provided under the nonforfeiture provision; (2) a
limited payment
policy under which all premiums have been paid; or (3) a
policy on which accumulated dividend are applied
to pay the net single premium required
to pay
up the
difference between the
policy's reduced paid -
up insurance and its face amount.
If you have an umbrella
policy, it will cover the
difference,
up to your new coverage
limit.
If you are involved in a collision with a motorist whose insurance can not render payment for your damages, your uninsured motorist protection will cover the cost of the
difference up to the predetermined
limits on your
policy.