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Simple English definitions for legal terms

gap theory

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A quick definition of gap theory:

The gap theory is a rule in insurance that says if someone causes an accident and has insurance, but their insurance doesn't cover all the damages, the injured person can use their own underinsured motorist coverage to make up the difference. This means that even if the person who caused the accident has insurance, they may still be considered underinsured if their coverage isn't enough to pay for all the damages.

A more thorough explanation:

Definition: In insurance, the gap theory is the principle that a person who causes an accident will be considered underinsured if their liability insurance coverage is legally enough but less than the injured party's underinsured-motorist coverage. This principle allows the injured party to use their underinsured-motorist coverage.

Example: Let's say that John causes an accident that results in $50,000 worth of damages to Jane's car. John has liability insurance that covers up to $30,000 in damages. However, Jane has underinsured-motorist coverage that covers up to $50,000 in damages. In this case, John is considered underinsured, and Jane can use her underinsured-motorist coverage to cover the remaining $20,000 in damages.

The example illustrates the gap theory because John's liability insurance is legally enough, but it is not enough to cover all of the damages caused by the accident. Therefore, Jane can use her underinsured-motorist coverage to fill the gap between John's insurance coverage and the total amount of damages.

gap report | garauntor

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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