Reference guide
Insurance Glossary
Plain-language definitions of common insurance terms across policies, coverage, and claims. Check your policy or plan documents for the terms that apply to you.
Find an insurance term
Showing 14 of 14 matching terms
Terms beginning with U
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Umbrella liability
Business insurance - Liability coverage that may provide additional limits above qualifying underlying policies and may sometimes broaden coverage.
- Also called: commercial umbrella
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Underinsured motorist coverage
Auto insurance - Auto coverage that may help when an at-fault driver has liability insurance that is not enough for covered injuries or damages.
- Also called: UIM coverage
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Underlying insurance
General insurance - The primary or lower-layer policies that must respond before an excess policy can pay.
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Underwriter
General insurance - A professional or process that evaluates insurance applications and decides whether and on what terms to offer coverage.
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Underwriting
General insurance - The process insurers use to assess risk and set eligibility, coverage terms, and premium.
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Underwriting gain
General insurance - Profit from insurance underwriting operations before investment income is considered.
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Unfair trade practice
Claims - A prohibited insurance business practice, such as certain misrepresentations, discrimination, or improper claim-settlement conduct, defined by state law.
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Uninsured motorist coverage
Auto insurance - Auto coverage that may help with covered injuries or damages caused by a driver who does not have insurance.
- Also called: UM coverage
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Uninsured motorist property damage
Auto insurance - Coverage for qualifying damage caused by an uninsured driver, where available, usually subject to its own limit and deductible.
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Unit owners coverage
Home insurance - Coverage for a condominium unit owner’s insured property, liability, and other policy protections.
- Also called: unit owners insurance
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Universal life insurance
Life insurance - Permanent life insurance with flexible features that may allow changes to premiums or death benefits within policy limits.
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Urgent care
Health insurance - Medical care for conditions needing prompt attention that are not generally considered life-threatening emergencies.
- Also called: urgent care center
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Usage-based insurance
Auto insurance - Auto insurance pricing that uses collected driving or mileage information as part of determining premium.
- Also called: UBI, pay-how-you-drive
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Utilization review
Health insurance - A process evaluating the necessity, appropriateness, or efficiency of health care services and treatment.