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Underinsured motorist bodily injury coverage is related to uninsured motorist coverage. In this case, the underinsured motorist coverage will pay for expenses related to an accident caused by a driver with insufficient coverage. An underinsured motorist policy is part of your auto owners insurance policy. This type of coverage will pay the difference between the coverage limit you select and the other driver's bodily injury coverage limit. It will also cover your medical expenses, lost wages and other damages that you suffer. When you purchase your auto owners insurance policy, you can choose the maximum amount of bodily injury coverage that you will receive.