What Is Underinsured Insurance?

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Underinsured insurance is specifically related to the world of auto insurance coverage. Learn about underinsured insurance with help from a longtime insurance professional in this free video clip.

Part of the Video Series: Insurance FAQs
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Video Transcript

Hi, this is Tony Chimino. I'm the CEO of Assurance; I'm talking with you today about underinsured insurance. The term underinsured insurance related to auto insurance coverage. In most states, everyone has to drive a vehicle must provide insurance coverage in case of an accident. But, with all states, there's a minimum amount of insurance coverage that people must have. And in many situations, that insurance coverage will not cover the cost of an accident. So, if you're in an accident and are hit by someone that has minimum insurance limits, you could actually purchase additional limits in case that person does not have enough coverage for the accident that happens. This is additional insurance is called underinsured insurance. And again, you, you find this coverage on your automobile insurance policy. This is Tony Chimino giving you a little bit of information about underinsured insurance.


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