What does Class 1 Insureds mean? Read on to discover the definition & meaning of the term Class 1 Insureds - to help you better understand the language used in insurance policies.
Class 1 Insureds
A term that is sometimes used in the context of uninsured motorists (UM) and underinsured motorists (UIM) coverage to refer to the named insured and the named insured's family members (as opposed to all other insureds, referred to as Class 2 insureds). Class 1 insureds may be afforded broader coverage than Class 2 insureds, especially with regard to stacking of limits.
We hope the you have a better understanding of the meaning of Class 1 Insureds.