Opinion ID: 2651975
Heading Depth: 3
Heading Rank: 1

Heading: Regardless of the number of covered autos,

Text: insureds, premiums paid, claims made or vehicles involved in the accident, the LIMIT OF INSURANCE shown in the Declarations Supplement I for [UM/UIM] Coverage is the most we will pay for all damages resulting from any one accident with an uninsured motor vehicle or an underinsured motor vehicle.
of Insurance for this coverage, if:
named insured under this policy;
insured under one or more other policies providing similar coverage; and
limit of insurance for similar coverage which is less than the Limit of Insurance for this coverage; then the most we will pay for all damages resulting from any one accident with [a UM/UIM] motor vehicle shall not exceed the highest applicable limit of insurance under any coverage form or policy providing coverage to that insured as an individual named insured.
of Insurance for this coverage, if:
named insured under this policy or any other policy; 5
member under one or more other policies providing similar coverage; and
limit of insurance for similar coverage which is less than the Limit of Insurance for this coverage; then the most we will pay for all damages resulting from any one accident with [a UM/UIM] motor vehicle shall not exceed the highest applicable limit of insurance under any coverage form or policy providing coverage to that insured as a family member. James was insured under his wife’s personal automobile policy, which had a UIM limit of $50,000. Thus, under Metric’s NJM policy, with its applicable step-down provision, James’s maximum UIM recovery under the NJM policy was capped at $50,000. Accordingly, NJM denied James’s UIM claim because James already had received an amount in excess of $50,000 from his settlement with the Demeos.