Johnson v. Tennessee Farmers Mutual Insurance Co.

556 S.W.2d 750 (1977)

Robert L. JOHNSON, Petitioner,

v.

TENNESSEE FARMERS MUTUAL INSURANCE COMPANY, Respondent.

Supreme Court of Tennessee.

June 13, 1977.

Roy T. Campbell, Jr., Newport, for petitioner.

Edward F. Hurd, Newport, for respondent.

OPINION

HARBISON, Justice.

This is an action on an automobile theft insurance policy. The trial court found the value of the vehicle on the date of the theft to be $4,400.00 and allowed judgment for the insured in that amount, plus interest of $270.24, representing the difference between the amount necessary to discharge a mortgage on the vehicle on the date of…