Which of the following is an exclusion under Underinsured Motorist Coverage?

Underinsured Motorist Coverage is designed to protect insured individuals when they are involved in an accident with a driver whose insurance coverage is insufficient to cover the damages. Certain scenarios are deemed exclusions, where coverage may not apply.

Riding in a taxi, limo, or bus is an exclusion under Underinsured Motorist Coverage because these vehicles are considered to be for hire, and the coverage is not intended to apply in situations involving public transportation or commercially operated vehicles. The rationale behind this exclusion is that these vehicles typically have their own liability coverage or insurance provisions, which are designed to protect paying passengers.

In contrast, driving with a licensed driver, driving a rental vehicle, and having passenger insurance are generally activities that do not fall under the categories that would exclude coverage under Underinsured Motorist provisions. Each of these situations may still offer some level of protection under the policy, assuming all other conditions of the coverage are met.