Provides additional protection for eligible claimants in the event of injury or death caused by an underinsured motorist. The coverage is the difference between your Family Protection limit, as per the terms of your policy, and the liability insurance limits of the other, at-fault driver.
Example: Robert was involved in an automobile accident that caused
$800,000 in damages. John, the driver responsible for the accident, was covered up to
$500,000. Fortunately, Robert had added
$1,000,000 in Family Protection coverage to his policy, which covered the
$300,000 difference between the damages and the at-fault driver’s coverage.