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LSDefine

Simple English definitions for legal terms

underinsurance

Read a random definition: primary boycott

A quick definition of underinsurance:

Underinsurance: When you have insurance to protect your things, but the insurance only covers a part of the value of your things. This means that if something happens to your things and they are damaged or lost, you might not get enough money from the insurance to replace them completely.

A more thorough explanation:

Definition: Underinsurance is when an insurance policy only covers a portion of the value of a property, leaving the owner responsible for the remaining amount in the event of damage or loss.

Example: John owns a house worth $500,000, but he only has insurance coverage for $300,000. If his house is damaged in a fire and the repair costs are $400,000, John will have to pay $100,000 out of pocket because his insurance policy only covers up to $300,000.

Explanation: This example illustrates underinsurance because John's insurance policy only covers a portion of the value of his house, leaving him responsible for the remaining amount. In this case, John is underinsured by $200,000, which means he will have to pay that amount out of pocket if his house is damaged or destroyed.

underground recording | underinsured-motorist coverage

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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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