Owners Insurance Co. v. Craig

Owners Insurance Company appeals a summary judgment entered in favor of its policyholders Vicki Craig and Chris Craig that denied Owners the right to reduce the amount paid pursuant to its underinsured motorist (“UIM”) coverage by the amount paid by the at-fault motorist’s liability insurer. Because the policy at issue unambiguously provides for such set-off, the circuit court’s judgment is reversed and the case is remanded.

Factual and Procedural History

Owners issued the Craigs a policy with UIM coverage.1 The policy’s declarations list “$250,000 per person” as the UIM “limit,” but the “Limit…