Legal Definitions - unsatisfied-judgment fund

An unsatisfied-judgment fund is a type of fund established by a state to compensate individuals who have suffered losses due to an automobile accident caused by an uninsured or underinsured motorist. This fund is meant to provide financial assistance to those who have been unable to recover damages from the responsible party.

For example, if someone is involved in a car accident and the other driver is uninsured, the victim may be able to receive compensation from the unsatisfied-judgment fund. This fund can help cover medical expenses, lost wages, and other damages resulting from the accident.