Brookdale Pontiac-GMC v. Federated Insurance

OPINION

PETER J. LINDBERG, Judge *

An individual purchased an automobile from appellant dealer by a contract cosigned with a signature that was later determined to be forged. The contract had been financed by a bank. When the buyer defaulted, the bank reassigned the contract to appellant pursuant to a master-dealer agreement, and appellant paid the balance due. Appellant then sought to recover from respondent insurance company under forgery provisions. The district court determined that coverage was excluded and granted summary judgment in respondent’s favor. _ Appellant contends that coverage…