Umbrella liability
A form of insurance protection that provides additional liability coverage after the limits of your underlying policy are reached. An umbrella liability policy also protects you (the insured) in many situations not covered by the usual liability policies.
Unauthorized insurance company
An unauthorized insurance company is one that does not hold a valid certificate of authority to do business in Wisconsin.
Underinsured motorist (UIM) coverage
A coverage in an automobile insurance policy under which the insurance company will pay damages to the insured for which another motorist is liable if the motorist causing an accident has lower bodily injury liability limits than your UIM limits. The maximum dollars paid is then the difference between the two limits.
Underwriting
The process by which an insurance company selects and classifies risks according to their degree of insurability.
Uninsured motorists (UM) coverage
A coverage in an automobile insurance policy under which the insurance company will pay damages to the insured for which another motorist is liable if that motorist is unable to pay because he or she is uninsured. This coverage applies to bodily injury damages only. Injuries to the insured caused by a hit-and-run driver are also covered.
Universal life insurance
A combination flexible premium, adjustable life insurance policy. The premium payer may select the amount of premium he or she can pay and the policy benefits are those which the premium will purchase. Or, the premium payer may change the amount of insurance and pay premium accordingly.
Urgent care
Covered services when you are temporarily out of the area and that are medically necessary and immediately needed as a result of an unforeseen illness, accident, or injury, and when it is not reasonable to obtain services from a network provider.
Usual, customary and reasonable (UCR) charge
A charge for health care based on the going rate in a certain geographic area for identical or similar services. This may also be referred to as reasonable and customary charge.
Utilization review
A method of claims review whereby the insurance company analyzes a case, either prospectively, concurrently, or retrospectively to determine if the treatment given is necessary and appropriate.

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