Faulkner v. Smith

STEPHENS, Chief Justice.

On October 19,1983, Faulkner and Smith had an automobile accident. Smith’s insurance policy with Farm Bureau had a bodily injury liability limit of $25,000 per person. Following a March 29, 1985 jury verdict in favor of Faulkner, judgment was entered in Woodford Circuit Court on April 5, 1985 for $383,157.

On April 5, counsel for Smith and Farm Bureau sent Faulkner’s counsel a tetter offering to pay her $25,000, represented as the limits of the policy, if she would accept that as the maximum coverage available under the policy. No check, draft or other form of payment…