Case ID: so2d_406/html/1280-01.html
Source: Caselaw Access Project
Author: {"author": "PER CURIAM.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

SOUTH CAROLINA INSURANCE COMPANY, Appellant, v. PENSACOLA HOME & SAVINGS ASSOCIATION, Appellee.
    No. AC-439.
    District Court of Appeal of Florida, First District.
    Dec. 9, 1981.
    L. Kathleen Horton of Clark, Partington, Hart, Hart & Johnson, Pensacola, for appellant.
    Charles L. Hoffman, Jr. of Shell, Fleming, Davis & Menge, Pensacola, for appel-lee.
   PER CURIAM.

South Carolina Insurance Company appeals a summary judgment finding it liable to its named insured for the remainder of the coverage after compensation of a loss-payable mortgagee, see South Carolina Insurance v. Pensacola Home & Savings, 393 So.2d 1124 (Fla. 1st DCA 1981). The judgment provides for interest at the rate of 8% from August 22, 1978.

There is no error except in the award of pre-judgment interest. The parties agree that the appropriate rate is 6%, § 687.01 Fla.Stat. (1979). The claim of the named insured was made May 29, 1980, and was payable 60 days thereafter. Accordingly, the judgment is modified to provide for 6% interest from July 29, 1980, and as modified is AFFIRMED.

ERVIN, BOOTH and THOMPSON, JJ., concur.