State Farm Mutual Insurance Company v. Holt

ELLETT, Justice:

This action was initiated by plaintiff seeking a declaratory judgment as to whether the policy of insurance issued to Holt covered Yazzie, who had contracted to buy the insured vehicle from Holt. The trial court held that it did, and this court affirmed.1

The present appeal stems from a ruling of the trial court, based only on a motion, awarding to certain of the defendants the total amount of the policy plus interest. Those defendants have agreed upon a division of the proceeds and claim that their combined damages far exceed the face of the policy. They further claim that…