Jackson Hop, LLC v. Farm Bureau Mutual Insurance

EISMANN, Justice.

This is an appeal out of Canyon County from a ruling that an insured was not entitled to an award of prejudgment interest on a sum owing for a fire loss because under the terms of the insurance policy payment was not due until the amount of the loss was ascertained by arbitration. We affirm the judgment of the district court.

I

Factual Background.

On September 12, 2012, a fire destroyed three buildings and related equipment that were owned by Jackson Hop, LLC, and were used to dry hops, to process and bale hops, and to store hop bales. The buildings were insured by Farm Bureau…