MATTER OF TRAVELERS INS. CO. v. HOLT


235 A.D.2d 428 (1997)

652 N.Y.S.2d 97

In the Matter of Travelers Insurance Company, Respondent, v. William Holt, Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

January 13, 1997


Ordered that the order is affirmed, with costs.

The Supreme Court properly stayed arbitration. Because the policy at issue contains a single combined $10,000 limit of uninsured and underinsured motorist coverage, the petitioner Travelers Insurance Company is entitled to an offset of $10,000, which is the amount that the insured recovered from the tortfeasor (see, Matter of Allstate Ins. Co. [Stolarz — N.J. Mfrs. Ins. Co.], 81...

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