Glossary
ABC / DEF / GHI / JKL / MNO / PQR / STU / VWX / YZ
STU
Total Loss: condition of an automobile or other property when damage is so extensive that repair costs would exceed the value of the vehicle or property
Umbrella Liability Insurance: provides "catastrophic liability" coverage that extend above and beyond those of the insured's other commercial policies
Umbrella Policy: coverage for liability losses above the limit of a underlying insurance coverage such as homeowners' or auto insurance
Uninsured Motorists Coverage: coverage that protects a policyholder from injuries caused by uninsured and hit-and-run drivers
Underinsured Motorists Coverage: coverage that protects a policyholder for injuries from a driver that maintained insurance but at an amount lower than the policyholder's
