New Underinsured Case Law Allows Stacking of Policies in Colorado
In September 2006 the Colorado Supreme Court issued a decision which finally settles the issue of the stacking of underinsured motorists coverage (UIM) in the State of Colorado. If your policy contains UM/UIM (or “U”) coverage which provides both uninsured and underinsured motorists protection, which it should (check your auto policy “declarations page”), this new case clarifies when such coverage can be stacked or added to additional UIM coverage found in other applicable policies. This office has always argued and in fact been involved in other appellate decisions addressing the ability of an injured person to stack together the limits under separate UIM policies. The new case of In Re: State Farm Mutual Auto Ins.Co. v. Progressive Mutual Ins.Co finally resolves this issue in favor of stacking coverage. (more…)