Wetmore v. Unigard Insurance

¶1 — At issue in this appeal is whether the insureds under a policy of insurance issued by Unigard Insurance Company are entitled to the full policy limits for a fire loss rather than a reduced amount calculated on the basis of the policy’s coinsurance provision. We hold that the coinsurance provision applies in this case and the policy is not ambiguous. Moreover, the coinsurance provision does not violate the over-insurance prohibition of RCW 48-.27.010. We affirm.

Cox, C.J.

¶2 The facts are undisputed. Unigard insured the Majestic Inn, which is located in Anacortes, Washington, under a…