Krause v. Krause

McGIVERIN, Chief. Justice.

The question here is whether a “step-down” provision in an endorsement to an automobile insurance policy, which reduces uninsured motorist benefits to the minimum liability limits in the Iowa financial responsibility law, is enforceable.

We believe that it is. Therefore, we reverse the district court ruling to the contrary and remand for entry of judgment accordingly.

I. Background facts and proceedings.

On November 21, 1995, Debra Jayne Krause and her husband, Paul Raymond Krause, were involved in a one-motor vehicle accident. The accident occurred when Paul, who was…