Parks v. Safeco Ins Co of Illinois

I. NATURE OF THE CASE

David and Kristina Parks (collectively the “Parks") appeal from a district court dismissal on summary judgment. A wildfire destroyed the Parks’ house, which was insured by Safeco Insurance Company (“Safeco”). The Parks purchased an existing house, and Safeco paid the Parks a total of $255,000, the cost of the replacement house less the value of the land. The Parks filed a complaint against Safeco alleging: (1) they are entitled to $440,195.55 under the policy and (2) Safeco committed bad faith in handling the claim. Safeco filed a Motion for Summary Judgment asserting…