UIM SETOFF AGAINST POLICY LIMITS, NOT AGAINST CATASTROPHIC DAMAGES.

            A Tortfeasor's Liability Policy Limits are a setoff against Underinsured Motorist Policy Limits.  This is the rule in Illinois, as in most U.S. jurisdictions.  They are not set off against the Policyholders' Catastrophic Damages.  Such is the holding in Download Wehrle v. Cincinnati Ins. Co. *2, *4  (N.D. Ill. Memorandum Opinion and Order Filed August 21, 2012).

             This rule was applied because the UIM Policy at issue in that case required that a Tortfeasor's Liability Limits be set off against the UIM Policy Limits.  That the UIM Statutes authorized the Policy provision determined the outcome.  See Download Wehrle v. Cincinnati Ins. Co. *2 (N.D. Ill. Memorandum Opinion and Order Filed August 21, 2012).

 

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Comments

[Megan Billard]

Thank you so much for sharing this. I have been needing more information on car insurance and this is was so helpful. Thanks again for posting.

[dorthypacker]

What other types of insurance is there? I know of auto insurance, life insurance, health insurance, but what else? Do you know of a good auto insurance in west valley? Thank you for your help!

[Dennis Wall]

Thank you. Many types of insurance are listed in the Categories to the left. There are many others. If you are interested in buying insurance, consulting your local agent can tell you about local pricing and coverage availability in your area. All the Best.