Zobrist v. Farmers Insurance Exchange

OPINION

Farmers Insurance Exchange (Farmers) insured several cars owned by Zobrist under a single policy with an underinsured motorist limit of $500,000. The policy also included an uninsured motorist exclusion for owned but uninsured cars. Zobrist collided with another car while driving his dune buggy, which was not insured under the policy. He received $15,000, the policy limit, from the other driver. Farmers and Zobrist stipulated that the total amount of damages exceeded this amount by $35,000.

The parties dispute the amount of underinsured motorist coverage available to Zobrist under…