Reliable Credit Ass'n v. Progressive Direct Insurance

¶1 Reliable Credit Association Inc. appeals the trial court’s order denying its motion for partial summary judgment and granting summary judgment to Progressive Direct Insurance Company. Progressive denied Reliable’s claim as a secured lienholder under Chad Grauel’s vehicle insurance policy after he intentionally destroyed the vehicle securing Reliable’s loan to Grauel. The trial court held that Reliable was not entitled to payment under Progressive’s vehicle policy provision excluding coverage for a lienholder based on a policyholder’s “conversion,” “embezzlement,” or “secretion” of the…